Maine Corporation has two classes of? stock: common, ?$5 par? value; and? preferred, ?$25 par value. Requirements 1. Journalize Maine?'s issuance of 2 comma 000 shares of common stock for $ 7 per share. 2. Journalize Maine?'s issuance of 2, 000 shares of preferred stock for a total of $ 50, 000.