E13-2 New England Systems completed the following stock issuance transactions: April 19 May 3 11 Issued 1,000 shares of $1.50 par common stock for cash of $10.50 per share. Sold 300 shares of $4.50. no-par Class A preferred stock for $12.000 cash. Received inventory valued at $23,000 and equipment with market value of $11.000. Issued 3,300 shares of the $1.50 par common stock. 15 Issued 1,000 shares of 5%. no-par Class B preferred stock with stated value of $50 per share. The issue price was cash of $62 per share. Required 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for New England Systems?