Chapter 12: Stockholders' Equity 1: Lemming Contractors was involved in the following events during 2015: 1. Authorized to issue: (a) 100,000 shares of $10 par value preferred stock; (b) 150,000 shares of no-par preferred stock; (c) 250,000 shares of \$5 par value, common stock. 2. Issued 1,000 shares of common stock for $30 per share. 3. Issued 5,000 shares of the $10 par value preferred stock for $15 per share. 4. Issued 50,000 shares of the no-par preferred stock for $50 each. Prepare entries (if appropriate) for each transaction