Activity: Stockholders' Equity Journal Entries Part 1: On January 18th, Piper Corporation became a public corporation and sold 80,000 shares of common stock for $23 per share. Record this transaction assuming that (a) there is no par value and (b) par value is $10 per share. a) b) Part 2: On May 30th, Piper Corporation repurchased 20,000 shares of their own $10 par value common stock at $25 per share. Part 3: How many shares are issued and outstanding after this repurchase, assuming no additional share sales or repurchases for Piper Corporation in this year? Issued: Outstanding: