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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 $1.2, authorized 50,000 shares. Since

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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 $1.2, authorized 50,000 shares. Since inception, Skyhawk sold 7291 shares of the common stock at $9.5 per share and 3421 shares of the preferred stock at $15. On the statement of stockholders' equity, Common Stock would be reported as $

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