QUESTION 9 On May 16, ABC issued 10,000 shares of no-par common stock for $100,000. Journalize this transaction QUESTION 10 Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of $100 par, 5% perferred stock and10,000 of $5 par common stock outstanding, Oregon's earnings per share is a. $8 b. $18 c. $5.08 d $5