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Maxville Company ssues 250 shares of 540 par preferred stock and 1,000 shares of s par common stock im a package' sale on December 31.

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Maxville Company ssues 250 shares of 540 par preferred stock and 1,000 shares of s par common stock im a package' sale on December 31. Total proceeds recelved amount to $39,600 Required: Record the transaction for each independent assumption shown: 1. The common stock has a current market value of $18 per share; the current market valve of preferred stock is not kenown 2. The common stock and the preferred stock have a current market vatue per share of $22 and 58, respectivery

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