Ava School of Learning obtained a charter at the start of 2020 that authorized 50,000 shares of no-par value common shares and 20,000 no-par value preferred shares. During 2020, the following selected transactions occurred: a. Collected $40 cash per share from four individuals and issued 5,000 common shares to each b. Issued 6,000 shares of common shares to an outside investor at $40 cash per share c. Issued 8,000 shares of preferred shares at $20 cash per share Required: 1. Prepare the journal entries indicated for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet