Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders equity. January 1 Issues 500 shares of common stock for $30 per share. April 1 Issues 120 additional shares of common stock for $34 per share. Record the transactions, assuming Clothing Frontiers has either $1 par value common stock or $1 stated value stock. 1) Record the issuance of 500 shares of common stock for $30 per share. 2) Record the issuance of 120 additional shares of common stock for $34 per share.