B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Wireless to issue 90,000 shares of 5%, $100 par value cumulative preferred stock and 110,000 shares of $1 par value common stock. During the first month, B-Wireless completed the following transactions: (Click the icon to view the transactions.) Read the requirements, Date Accounts and Explanation Debit Credit Oct. 2 More Info Oct. 6: Issued 800 shares of preferred stock for $130 per share Oct. 2 lssued 18,000 shares of common stock for a building with a market value Date Accounts and Explanation Debit Credit of $140,000 6 Issued 800 shares of preferred stock for $130 per share 9 Issued 14,000 shares of common stock for cash of $56,000 10 Declared a $11,000 cash dividend for stockholders of record on Oct. 20 Oct. 6 Use a separate Dividends Payable account for preferred and common stock 25 Paid the cash dividend Print Done Oct. 9: Issued 14,000 shares of common stock for cash of $56,000 Credit Date Accounts and Explanation Debit Oct. 9 Choose from any list or enter any number in the input fields and then continue to the next question. Oct. 10: Declared a $11,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Date Debit Credit Accounts and Explanation Oct. 10 More Info Oct. 2 Issued 18,000 shares of common stock for a building with a market value Oct. 25: Paid the cash dividend. of $140,000. 6 Issued 800 shares of preferred stock for $130 per share 9 Issued 14,000 shares of common stock for cash of $56,000 10 Declared a $11,000 cash dividend for stockholders of record on Oct. 20 Debit Date Accounts and Explanation Credit Oct. 25 Use a separate Dividends Payable account for preferred and common stock. 25 Paid the cash dividend PrintDone Requirement 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2018. Assume B-Wireless's net income for the month was $90,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Requirement 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2018. As have been closed prior to preparing the stockholders' equity section of the balance sheet.) More Info B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Oct. 2 Issued 18,000 shares of common stock for a building with a market value of $140,000. 6 Issued 800 shares of preferred stock for $130 per share. 9 Issued 14,000 shares of common stock for cash of $56,000 10 Declared a $11,000 cash dividend for stockholders of record on Oct. 20. Paid-In Capital Use a separate Dividends Payable account for preferred and common stock. 25 Paid the cash dividend Print Done Total Paid-In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next