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Question 2 (10 points) Saved Amygdala Corporation has issued 3,000 shares of common stock and 500 shares of preferred stock for a lump sum of

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Question 2 (10 points) Saved Amygdala Corporation has issued 3,000 shares of common stock and 500 shares of preferred stock for a lump sum of $100,000 cash. Prepare the journal entry to record stock issuance assuming the par yalue of the common stock was $6 and the fair value $30, and the par value of preferred stock was $42 and the fair value $120. all per share. [10 points) Cash (debit) 96000 A A/ A

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