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Skyhawk Corporation charter authorized the following capital stock Preferred stock 8 percent, par $11. authorized 10,000 shares. Common stock par $2.6, authorized 50,000 shares. Since
Skyhawk Corporation charter authorized the following capital stock Preferred stock 8 percent, par $11. authorized 10,000 shares. Common stock par $2.6, authorized 50,000 shares. Since inception, Skyhawk sold 5,135 shares of the common stock at $6.9per share and 3,061 shares of the preferred stock at $18. On the statement of stockholders' equity, Common Stock would be reported as $
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