Part A In late 2017, the Nicklaus Corporation was formed. Thecorporate charter authorizes the…

Part A In late 2017, the Nicklaus Corporation was formed. Thecorporate charter authorizes the issuance of 6,000,000 shares ofcommon stock carrying a $1 par value, and 2,000,000 shares of $5par value, noncumulative, nonparticipating preferred stock. OnJanuary 2, 2018, 4,000,000 shares of the common stock are issued inexchange for cash at an average price of $15 per share. Also onJanuary 2, all 2,000,000 shares of preferred stock are issued at$20 per share. Required:

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