iew Policies Current Attempt in Progress Pharoah Corporation began business in 2020 by issuing 54000 shares of $5 par common stock for $6 per share and 5400 shares of 8%, $10 par preferred stock for par. At year end the common stock had a market value of $10. On its December 31, 2020 balance sheet, Pharoah would report Common Stock of $540000. Common Stock of $324000. Common Stock of $270000, O Paid-in Capital of $475200