The following information applies to the questions displayed below. Tarrant Corporation was organized this year to operate a finencial consulting business. The charter authorized the following stock: common stock, par value $15 per share, 11,900 shares authorized. During the year the following selected transections were completed a. Sold and issued 6,500 shares of common stock for cash at S30 per share. b. Sold andsed ,300 shares af cammon stock for cash at $15 per share. c: AL ycur-cric, lhe uccourils rellece incomol $6.900. No dividends werc declared