CALCUL Brief Exercise 11-5 Kingbird, Inc. issues 5,050 shares of $120 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when ame is required, select "No Entry" for the account titles and enter 0 for the amounts.) Credit Debit Abcount Titles and Explanation SHOW LIST OF ACCOUNTS