sept. 1 Issued 24,000 shares the land was $90,000; the fair value of the land was $80,000 of common stock for land. The asking price of Nov. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $50,000 for services rendered in helping the company organize. The market price of the common stock was $6 per share. Dec 31. Determine the following: a) The total number of common shares outstanding b) The total number of preferred shares outstanding