E$15-2$ Combined Sale of Stock Maxville Company issues $300$ shares of $$50$ par preferred stock and $1,000$ LO $15\mathrm{.}3$ shares of $$10$ par common stock in a "package" sale. Total proceeds received amount to $$39,000.$

Required:

Record the transaction for each independent assumption shown:

The common stock has a current market value of $$19$ per share; the current market value of preferred stock is not known.

The common stock and the preferred stock have a current market value per share of $$22$ and $$60,$ respectively.