Blue Corporation, a private corporation, was organized on February 1, 2023. It is authorized to issue 99,600,$6 noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: Feb. 10 Issued 79,680 common shares at $4 per share. Mar, 1 Issued 4,980 preferred shares at $114 per share. Apr. 1 Issued 22,410 common shares for land. The land's asking price was $99,600 and its appraised value was $89,640. June 20 Issued 77,688 common shares at $4,50 per share. July 7 Issued 9,960 common shares to lawyers to pay for their bill of $44,820 for services they performed in helping the com Sept. 1 Issued 9,960 commonshares at $5 per share. Nov. 1 Issued 996 preferred shares at $120 per share. Journalize the transactions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit Determine the number of shares issued and the average per share amount for both common and preferred shares. (Round average Wer share to 2 decimal places, eg. 52.75. Question Part Score /2 How many more shares is the company authorized to issue for each class of shares? The company is authorized to issue an additional preferred shares and an number of a