On February 4, Cinderella Rocks Inc., a marble contractor, issued for cash 30,000 shares of $20 par common stock at $64, and on March 31, it issued for cash 18,000 shares of $75 par preferred stock at $90.
a. Journalize the entries for February 4 and March 31.
b. What is the total amount invested (total paid-in capital) by all stockholders as of March 31?