Comprehensive Young Corporation has been operating successfully for several years. It is authorized to issue 24,000 shares of no-par common stock and 6,000 shares of 8%, $100 par preferred stock. The Contributed Capital section of its January 1, 2019, balance sheet is as follows:
Part a. A shareholder has raised the following questions:
Part b. The company engaged in the following transactions in 2019:
Required:
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