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Weston Partially correct Mark 1.33 out of 2.00 Flag question Share Issuances for Cash Finlay, Inc., issued 20,000 shares of $50 par value preferred stock at $187 per share and 30,000 shares of no-par value common stock at $28 per share. The common stock has no stated value. All issuances were for cash. a. Determine the financial statement effect of the share issuances (preferred and common) Balance Sheet Assets 0 x Liabilities Equity 0X Income Statement Revenues Expenses Net Income b. Determine the financial statement effect of the issuance of the common stock assuming that it had a stated value of $5 per share. Balance Sheet Assets OX Liabilities 0 Income Statement Equity Revenues OX Expenses Net Income c Determine the financial statement effect of the issuance of the common stock assuming that it had a par value of S1 per share. Balance Sheet Assets OX Liabilities Equity OX Income Statement Revenues 0 Expenses Net Income 0