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Question 12 5 pts Mayco began business in 2018 by issuing 30,000 shares of $3 par common stock for $8 per share and 12,000 shares

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Question 12 5 pts Mayco began business in 2018 by issuing 30,000 shares of $3 par common stock for $8 per share and 12,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2018 balance sheet, Mayco would report Common Stock of $90,000. Paid-In Capital of $90,000. Common Stock of $240,000. Common Stock of $360,000

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