Question - On January 2, 2016, Alpha Corporation's initial capital stock transaction consisted of an issuance of 2,500 shares of $8 par value common stock, for $50 per share. On June 30, 2017 another 10,000 shares were authorized to be issued. Use this information to determine for the June 30, 2017 dollar value balances for:
1. Common Stock
2. Additional Paid in Capital in excess of par Common Stock.