Finlay, Inc., issued 19,200 shares of $50 par value preferred stock at $150 per share and 28,800 shares of no-par value common stock at $22 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 1,920,000 x Liabilities 0 Equity 633,600 x Income Statement Revenues Expenses Net Income 0 0 0 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 Liabilities Equity 0 x 0 x Income Statement Revenues Expenses = Net Income 0 0 0 c. Determine the financial statement effect of the issuance of the common stock assuming that it had a par value of $1 per share. Balance Sheet Assets Liabilities Equity 0 x 0 0 x Check Income Statement Revenues Expenses = Net Income 0 0 0