Team Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018: (Click the icon to view the partial balance sheet.) Read the requirements. Requirement 1. Identify the different classes of stock that Team Comfort Specialists has outstanding. Team has preferred stock and common stock outstanding. Requirement 2. What is the par value per share of Team Comfort Specialists' preferred stock? The par value of preferred stock is $ per share. Enter any number in the edit fields and then click Check Answer. parts 4 remaining Clear All A Data Table ac reported the following stockholdere canituonite balance sheet at lune 30 2018 Requirements - X $ 1,100,000 Identify the different classes of stock that Team Comfort Specialists has outstanding 2. What is the par value per share of Team Comfort Specialists' preferred stock? 3. Make two summary journal entries to record issuance of all the Team Comfort Specialists' stock for cash. Explanations are not required. No preferred dividends are in arrears. Journalize the declaration of a $400,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. Stockholders' Equity Paid-In Capital: Preferred Stock5%, ? Par Value; 600,000 shares authorized, 220,000 shares issued and outstanding Common Stock-$1 Par Value; 7,000,000 shares authorized, 1,330,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital 1,330,000 2,500,000 4,930,000 11,900,000 Retained Earnings $ 16,830,000 Total Stockholders' Equity Print Done Print Done lit fields and then click Check