Ford Corporation made the following stock issuance transactions:

Feb. 19 Issued 1,000 shares of \(\$ 1.50\) par common stock for cash of \(\$ 10.50\) per share.

Mar. 3 Sold 300 shares of \(\$ 4.50\), no-par Class A preferred stock for \(\$ 12,000\) cash.

11 Received inventory valued at \(\$ 20,000\) and equipment with market value of \(\$ 11,000\) for 3,300 shares of the \(\$ 1.50\) par common stock.

15 Issued 1,000 shares of 5-percent, no-par Class B preferred stock with stated value of \(\$ 50\) per share. The issue price was cash of \(\$ 60\) per share.

\section*{Required}

1. Journalize the transactions. Explanations are not required.

2. How much paid-in capital did these transactions generate for Ford Corporation?

Recording issuance of stock

(Obj. 2)