Calculate the number of shares and balance in the account for each of the preferred and common shares at the end of the year. Number of shares Balance in accounts (1) Preferred shares (2) Common shares e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer Attempt in Progress Aloue Corp. a publicly traded company, had 2,500 preferred shares issued with a balance of $55.000 and 149.000 common shares issued with a balance of $745,000 at the beginning of the year. The following share transactions occurred during the years June 12 July 11 Oct. 1 Issued 46,300 common shares for $6 per share. Issued 1,100 preferred shares for $25 per share. Issued 10,500 common shares in exchange for land. The common shares were trading for $7 per share on that date, The fair value of the land was estimated to be $78,000. Issued 23,600 preferred shares for $29 per share, Nov. 15 a (a)