10 points Rackspace issos 200 000 of its common shares, 51 40 par per share, and 60,000 of its preferred shares, 510 par, for 37,400,000 Today's boot The Wall Street Journalists Rackspace's at 57.50 per share. There is no established market for the preferred share a. Prepare the Journal entry to record Rackspace's total stock lace (Une con came and prepare a proper Journal entry Label your Dranda 1. Based on your journal entry, what is the market value for the preferred shares (por share) Explain your answer 0 30 1 +]