Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock, $10 par value, 103,000 shares authorized Preferred stock, 9 percent, par value $8 per share, 4,000 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 20,000 shares of common stock at $16 cash per share. b. Sold and issued 3,000 shares of preferred stock at $20 cash per share. c. At the end of the year, the accounts showed net income of $60,000. No dividends were declared Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the year. TANDY, INCORPORATED Balance Sheet (Partial) At December 31, This Year Stockholders' equity Contributed capital: Assume General Motors Corporation is planning to issue bonds with a face value of $250,000 and a coupon rate of 6 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. (FV of $1. PV of $1. EVA of S1, and PVA of S1) (Use the appropriate factor(s) from the tables provided. Round your final answer to a whole dollar.) 10 points Determine the issuance price of the bonds assuming an annual market rate of interest of 8 percent