19 Tyler Corp. is authorized to issue 100,000 shares of its preferred stock. During the year, the company had the following transactions related to preferred stock: 0 1 2 3 30,000 10-Feb Issued preferred stock for cash Number of shares issued Par value per share Market price per share 1 30 $ $ 50 $ 700,000 10-Mar Issued preferred stock for equipment having an asking price of Number of shares issued 10,000 shares Par value per share $ 30 Market price per share $ 50 Instructions: Prepare the journal entries for these two transactions. Date Account Title Debit Credit