Sun Corporation received a charter that authorized the issuance of 104,000 shares of $6 par common stock and 22,000 shares of $75 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 Sold 15,600 shares of the $6 par common stock for $8 per share. January 12 Sold 2,200 shares of the 6 percent preferred stock for $85 per share. April 5 Sold 20,800 shares of the $6 par