A-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes A - Mobile to issue 60,000 shares of 9%, $50 par value cumulative preferred stock and 170,000 shares of $3 par value common stock. During the first month, A - Mobile completed the following transactions: (Click the icon to view the transactions.) Read the requirements. . A-Mobile Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Preferred Stock-9%, $50 Par Value; 60,000 shares authorized, 1,000 shares issued and outstanding $ 50,000 20,000 Paid-In Capital in Excess of ParPreferred Common Stock-$3 Par Value; 170,000 shares authorized, shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings Total Stockholders' Equity transactions: (Click the icon to v - Read the requirements More info Oct. 2 Oct. 6 Oct. 9 Issued 22,000 shares of common stock for a building with a market value of $110,000. Issued 1,000 shares of preferred stock for $70 per share. Issued 17,000 shares of common stock for cash of $85,000. Declared a $15,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Oct. 10 Paid-In Capital: Oct. 25 Preferred Stock- Assume A - Mobile's net income for the month was $88,000. 60,000 share Paid-In Capital in Common Stock- 170,000 share Print Done Paid-In Capital in Total Paid-In Capitar Retained Earnings Total Stockholders' Equity