question 1.preferred stock was issued with 4 stated value.do the journal entry and how much you sold it for common stock was issued with 10 par value do the journal entry and how much u sold it fora

ILLUSTRATION 13-5 STATEMENT PRESENTATION OF STOCKHOLDERS EQUITY BOOMER-CORPORATION. Stockholders" equity Paid-in capital Capital stock 9% Preferred stock, $10 par value, ailable at $12, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding s 50.000 Common stock, no par. $4 stated value, 50,000 shares authorized, 40,000 shares issued, and 39,000 outstanding Total capital stock 160,000 210,000 Additional pald-in capital In excess of par value-preferred stock In excess of stated value-common stock240,000 $ 50,000 Total additional paid-in capital Total paid-in capital 290,000 300,000 800,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock-common (1,000 shares) 15,000) Total stockholders' equity CONDENSED FORMAT: Frequently used in published annual reports with footnote disclosure of additional information