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Question 2 [30 points] Ludwig Inc was authored to issue an unlimted number of common shares During August 2014, the first month of operations, the following selected transactions occurred a August 1 12 000 common shares were issued in exchange for tand valued at $24,000 b August 25,000 of the common shares were issued for a total of 20,000 cash c August 7 Issued 0,000 common shares at 51 10 por share for cash August 14 Gave the corporation's promotors 7.000 common shares for the services in pancing the corporation The directors valued the services at 19.000 e. August 31 Closed the income Summary account. An income of $50,000 was earned a) Prepare journal entries for the above transactions, entering the transaction better as the explanation, and the dates in the format disimum, (15) General Jom Pages (bate Accountantin | | | ebt ADINOU b) Prepare the equity section of the balance sheet of Ludwin August 2014 Luigine Equity Section of balance sheet August 31 2014 Common shares, unlimited shares autore shares issued and outstanding (Select one) (Select one) c) What was the average issue price per common share? Average issue price per common share