Flash inc. issues $10,000$ shares of $$1$ par common stock for $$20$ a share, and $2,000$ shares of $$4$ par preferred stock for $$50$ a share.

Flash Inc. recieves land in exchange for $3,000$ shares of common stock they issued with a $$5$ par value. The land has a market value of $$50,000.$

Flash Inc. receives land in exchange for $2,000$ shares of common stock they issued with a $$2$ par value. The stock has a market value of $$40$ a share.