Current Attempt in Progress Wildhorse Corporation's charter authorized issuance of 95,000 shares of $10 par value common stock and 46,200 shares of $50 par value preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issueda $10,800,8% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $101 ashare. 2. Issued 460 shares of common stock for equipment. The equipment had been appraised at $7,700; the seller's book value was $5,800. The most recent market price of the common stock is $17 a share. 3. Issued 264 shares of common and 132 shares of preferred for a lump sum amounting to $10,800. The common had been selling at $15 and the preferred at $70. 4. Issued 190 shares of common and 53 shares of preferred for equipment. The common had a fair value of $17 per share: the equipment has a fair value of $6,600. No. Account Titles and Explanation