Bridgeport Corp. is authorized to issue both preferred and commonstock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 45,000 shares for cash at $51 per share. July 1 Issued 65,000 shares for cashat $57 per share Journalize the transactions. (Record joumal entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Llst all debit entries before credlt entries if no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts,) Post to the stockholders' equity accounts. (Post entries in the order of fournal entries posted in the previous part) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock