On May 10 , a company issued for cash 1,900 shares of no-par common stock (with a stated value of $3 ) at $15 , and on May 15 , it issued for cash 3,000 shares of $16 par referred stock at $59 . ournalize the entries for May 10 and 15 , assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank .

1. On September 17, 2024. Ziltech, Incorporated, entered into an agreement to sell one of its
divisions that qualifies as a component of the entity according to generally accepted accounting
principles. By December 31,2024 , the company's fiscal year-end, the division had not yet been
sold, but was considered held for sale. The net fair value (fair value minus costs to seli) of the
division's assets at the end of the year was $15 million. The pretax income from operations of the
division during 2024 was $5 million. Pretax income from continuing operations for the year
totaled $18 million. The income tax rate is 25% . Ziltech reported net income for the year of $8.7
million. Required: Determine the book value of the division's assets on December 31, 2024.
Note: Enter your answer in whole dollars and not in millions. For example, $4 , 000 , 000 rather
than $4 . Answer is complete but not entirely correct.