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 5,419 shares of the common stock at $3.1per share and 3,597 shares of the preferred stock at $17.

On the statement of stockholders' equity, Preferred Stock would be reported as $_____

2. Emma Consulting had previously purchased 2,117 shares of treasury stock for $9 per share. Emma then sold 1,139 shares of the treasury stock for $14 per share.

The credit to treasury stock to record the sale would be $_________

An explanation if possible is greatly appreciated.