Question: f . Max Inc. issued 7 , 8 0 0 shares of Class A common stock ( $ 1 par ) and 1 0 ,

f. Max Inc. issued 7,800 shares of Class A common stock ($1 par) and 10,400 shares of Class B common stock ($2 par) for $208,000 cash. At the time of issuance, the market price of the Class A common stock is $15 per share, and the market price of the Class B common stock is $10 per share.

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