= A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A-Mobile to issue 40,000 shares of 6%, $100 par value cumulative prefer stock and 110,000 shares of $4 par value common stock. During the first month, A-Mobile completed the following transactions: (Click the icon to view the transactions) Read the requirements More info Oct. 2 Oct. 6 Issued 17,000 shares of common stock for a building with a market value of $160.000. issued 950 shares of prefered stock for $130 per share Oct. 9 issued 10,000 shares of common stock for cash of $60,000 Oct. 10 Oct. 25 Decised a $12,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock Paid the cash dividend Assume A-Mobile's net income for the month was $32,000 Requirements 1. Record the transactions in the general journal 2. Prepare the stockholders' equity section of A-Mobile's balance sheet at October 31, 2024. Assume A-Mobile's net income for the month was $92.000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet) Print Done Print Done