ISSUANCE OF STOCK- BASKET PURCHASE A company issues 1,000 shares of S10 stated value common stock having a market price of $25 a share, and 1,000 shares of $5 par value preferred stock having a market price of $15 a share, for a lump sum of $35,000 Record the issuance of the stocks. A company issues 1,000 shares of $10 stated value common stock having a market price of $25 a share and 1,000 shares of S5 par value preferred stock for a lump sum of $35,000. The market value of the preferred stock is unknown Record the issuance of the stocks