QUESTION 3 Skyhawk Corporation charter authorized the following capital stock Proferred stock 8 percent, par 511, authorized 10,000 shares Common stock par $23, authorized 50,000 shares. Since inception, Skyhawk sold 5,455 shares of the common stock at $3.5per share and 3,363 shares of the preferred stock at $15. On the statement of stockholders' equity Preferred stock would be reported as $