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 excess of par - common	20,000,000
Total paid-in capital	26,000,000
Retained earnings	10,600,000
Total stockholder's 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.