4) On October 15, 2007, Krystle Corporation was established and in its charter, the corporation was authorized to sell 500,000 shares of Si par value common stock and 500,000 shares of S5 par value 6% cumulative preferred stock During 2007, the following transactions occurred: (10 points) a. Issued 50,000 shares of common stock at $7 per share b. Issued 35,000 shares of preferred stock at $20 per share c Issued 200,000 shares of common stock at $9 per share Required: 1. 2. Prepare the accounting equation entries for the transactions above. Prepare the stockholder equity section of the balance sheet