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Skyhawk Corporations charter authorized the following capital stock: Preferred stock: 8 percent, par $10, authorized 10,000 shares. Common stock: par $1.9, authorized 50,000 shares. Since
Skyhawk Corporations charter authorized the following capital stock: Preferred stock: 8 percent, par $10, authorized 10,000 shares. Common stock: par $1.9, authorized 50,000 shares. Since inception, Skyhawk sold 7,526 shares of the common stock at $8.4per share and 3,655 shares of the preferred stock at $19. On the statement of stockholders' equity, Preferred Stock would be reported as $_____
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