Skysong Corporation began business in 2020 by issuing 79000 shares of $5 par common stock for $6 per share and 19000 shares of 9%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Skysong would report Paid-In Capital of $565000. Common Stock of $790000. Common Stock of $474000. Common Stock of $395000.

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