Prepare journal entries to record each of the following four separate issuances of stock. a corporation issued 8,000 shares of $20 par value common stock for $192,000 cash. a corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. the stock has a $1 per share stated value. a corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. the stock has no stated value. a corporation issued 2,000 shares of $25 par value preferred stock for $101,000 cash.

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.