2) (26 Points) Presented below is information related to the SAND Company. Prepare the general journal entries necessary to record these tr Entry (2 points for each entry) h ansactions. January 8 The Company is granted a charter that authorizes issuance of 100,000 shares d $100 par value preferred stock and 500,000 shares of $3 par value commorn stock no entry is needed, wite"No January 12 10,000 shares of preferred stock were sold for $125 per share 80,000 shares of $3 par value common stock were sold to he general public for $10 per share. January 15 10,500 shares of common stock are issued to the founders of the corporation for land. March 4 The land was valued by the board of directors at $212,000 3,000 shares of common stock were issued for equipment. The common stodk was selling for $12 per share on that day and the equipment was valued at $40,000 June 18