Semester Care - Cowboy Ice Cream, Inc. (cont.) To date, where have contos. Contrac CONCIC Coneglianes of the Donned to once the proces provided bonding to necessary lunch, but concerned that cong so would be took Why wok potential benytor oc to sottock comer than wounds needed CIC's articles of incorporation Authore the sale of 50.000 shores of 31 por vole common stock and 5.000 shares of $100 por value, 6% cumulative preferred stock. The $75.000 invested to date was for 15.000 shares of common stock. That is the $75.000 balance in the Stock account is actually composed of $15.000 ot Common Stock and $60.000 of Paid-in-Capital in Excess of Par The existing shareholders of CIC are concerned about giving up control of the company by issuing additional shares of common stock. Given that concern, what type of stock would you suggest they make available for purchase? Why? Assume CIC issued 4.000 shares of preferred stock for $600,000. Record this transaction in the horizontal statements model below. Assets Equity PIC in Pref. Sik Excess Cash Rev Exp Net Inc. Cash Flow Semester Care - Cowboy Ice Cream, Inc. (cont.) To date, where have contos. Contrac CONCIC Coneglianes of the Donned to once the proces provided bonding to necessary lunch, but concerned that cong so would be took Why wok potential benytor oc to sottock comer than wounds needed CIC's articles of incorporation Authore the sale of 50.000 shores of 31 por vole common stock and 5.000 shares of $100 por value, 6% cumulative preferred stock. The $75.000 invested to date was for 15.000 shares of common stock. That is the $75.000 balance in the Stock account is actually composed of $15.000 ot Common Stock and $60.000 of Paid-in-Capital in Excess of Par The existing shareholders of CIC are concerned about giving up control of the company by issuing additional shares of common stock. Given that concern, what type of stock would you suggest they make available for purchase? Why? Assume CIC issued 4.000 shares of preferred stock for $600,000. Record this transaction in the horizontal statements model below. Assets Equity PIC in Pref. Sik Excess Cash Rev Exp Net Inc. Cash Flow