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Foreman Company is authorized to issue 2,000,000 shares of common stock and 800,000 shares of preferred stock. They issued 500,000 shares of $5 par value

Foreman Company is authorized to issue 2,000,000 shares of common stock and 800,000 shares of preferred stock. They issued 500,000 shares of $5 par value common stock for $15 per share and 100,000 shares of 8%, $10 par value preferred stock for $25 per share. How will these transactions be reported in the Stockholders' Equity section of the Balance Sheet?

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