QUESTION 1 Shaylert Corporation begin business in 2018 by issuing 50.000 shares of $3 par common stock for $8 per share and 20,000 shares of 6%, $10 par preferred stock for par At December 31, 2018, the common stock had a market value of $12. On its December 31, 2018 balance sheet, Shaylort Corporation would report a. Common Stock of $400,000 b. Total Paid in Capital of $350,000 c. Preferred Stock of $200,000 d. Paid in Capital Common Stock of $450,000 OTE