Following are the issuances of stock transactions. A corporation issued 5,000 shares of $30 par value common stock for $180,000 cash. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has a $2 per share stated value. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has no stated value. A corporation issued 1,250 shares of $75 par value preferred stock for $140,750 cash