QUESTION 4 Incomplete answer Marked out of 14.00 P Flag question Stockholders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, s50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr. 1 Issued 80,000 shares of common stock at $20 cash per share. issued 2,000 shares of common st attorneys and promoters in exchange for their services in organizing the corporation. The services were valued bt $31,000. 8 Issued 3,000 shares of common stock in exchange for equipment with a fair market value of $55.000 20 Issued 6,000 shares of preferred stock for cash at $60 per share. Required b. Prepare the stockholders' equity section of the balance sheet at April 30. Assume that the net income for April is $51,000. Stockholders Equity Paid in Capital Common Stock ,600,000 0 Total Paid-in-Capital Additional Paid-in-Capital Paid-in-Capital in Excess of Par value- Preferred Stock Paid-in-Capital in Excess of Par value- Common Stock 0 0 Please answer all parts of the