Wallace Computer Company is a small, closely held corporation. Eighty percent of the stock is held by Derek Wallace, president. Of the remainder, 10% is held by members of his family and 10% by Kathy Baker, a former officer who is now retired. The balance sheet of the company at June 30, 2025, was substantially as shown below. Cash Assets Liabilities and Stockholders' Equity $22,000 Current liabilities $50,000 Other 450,000 Common stock 250,000 $472,000 Retained earnings 172,000 $472,000 Additional authorized common stock of $300,000 par value had never been issued. To strengthen the cash position of the company, Wallace issued common stock with a par value of $100,000 to himself at par for cash. At the next stockholders' meeting, Baker objected and claimed that her interests had been injured. Which stockholder's right was ignored in the issue of shares to Derek Wallace? BIUT T Ix 1 = = = T T: 1 Word(s)