on december 1 2006 shares of authorized common stock were issued on a subscription b 605371

On December 1, 2006, shares of authorized common stock were issued on a subscription basis at a price in excess of par value. A total of 20% of the subscription price of each share was collected as a down payment on December 1, 2006, with the remaining 80% of the subscription price of each share due in 2007. Collectibility was reasonably assured. At December 31, 2006, the stockholders’ equity section of the balance sheet would report additional paid-in capital for the excess of the subscription price over the par value of the shares of common stock subscribed and

1. Common stock issued for 20% of the par value of the shares of common stock subscribed.
2. Common stock issued for the par value of the shares of common stock subscribed.
3. Common stock subscribed for 80% of the par value of the shares of common stock subscribed.
4. Common stock subscribed for the par value of the shares of common stock subscribed.