Answer all of the following questions, showing your assumptions and calculations to assure partial credit. ai 1. The following information is provided from the equity section of A Inc. as of 12/31/19: (10 points) Preferred stock, cumulative 5% $100 par value, 1,000,000 shares authorized, 10,000 shares issued and outstanding si 1,000,000 Common stock, $? par value, 20,000,000 shares authorized 190,000 shares issued,? shares outstanding 380,000 Additional Paid-In Capital --common stock landing 1,220,000 Additional Paid-in Capital-preferred stock 10,000 Retained earnings POR 1,987,050 The Treasury Stock (5,000 shares at cost) 2000, the PRO 8.000 sud INSTRUCTIONS Based upon the above information, determine the following information for A Inc: par value per share of the common stock Hoog b. number of outstanding shares of common stock total stockholders' equity 2. B Corporation is a public corporation whose shares are widely traded on the NYSE. On February 8, 2019, B Corporation issued 100,000 shares of its no par value common stock in exchange for a patent. The asking price of the patent was $2,000,000. B determined that the patent's fair market value was no more than $1,700,000. On February 8, the trading price of B's stock was $16 per share. INSTRUCTIONS: Prepare the journal entries to record the above transactions. (5 points) 3. C Corporation, a public corporation whose shares are widely traded on the NYSE, effected the following transactions during 2019. Apr 1 P urchased 20,000 shares of its $10 par value common stock at $50 per share. May 9 Resold 5,000 shares of its shares purchased on April 1 at $30 per share June 2 Resold 5,000 shares of its shares purchased on April 1 at $60 per share. INSTRUCTIONS: Prepare the journal entries to record the above transactions (10 points)