Duple Company Ltd., reported the following stockholders equity on its balance sheet at Dec 31, 2017: Duple Company Ltd. Stockholders Equity Dec 31,2017 Paid-in Capital Preferred stock, 10%, ? par, 1,000,000 shares authorized, 100,000 shares issued $ 2,000,000 Common stock, par value $? per share, 10,000,000 shares authorized, 2,000,000 shares issued and outstanding 4,000,000 Paid-in capital in excess of parcommon 20,000,000 Total paid-in capital 26,000,000 Retained earnings 10,600,000 Total Stockholders equity $36,600,000 Requirements: 1. What is the par value per share of Suppers preferred stock? (Show Workings) 2. What is the par value per share of Suppers common stock? (Show Workings) 3. What is the selling per share for the $20,000,000 reported as paid-in capital in excess of par common? (Show Workings) 4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for cash. Explanations are not required.