C-Mobile Wireless needed additional capital to expand so the business incorporated. The charter from the state of Georgia authorizes C-Mobile to issue 60,000 shares of 8%, $50 par value cumulative preferre stock and 160,000 shares of $4 par value common stock. During the first month, C- Mobile completed the following transactions Click the icon to view the transactions.) Read the reguirements. More Info Oct 25: Paid the cash dividend. Date Accounts and Explanation Debit Credit Oct. 2 Issued 21,000 shares of common stock for a building with a market value Oct. 25 of $210,000 6 Issued 550 shares of preferred stock for $100 per share 9 Issued 10,000 shares of common stock for cash of $50,000 10 Declared a $13,000 cash dividend for stockholders of record on Oct. 20 Use a separate Dividends Payable account for preferred and common stock 25 Paid the cash dividend Requirement 2. Prepare the stockholders' equity section of C-Mobile's balance sheet at October 31, 2018. Assum PrintDone C-Mobile Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Requirements 1. 2. Record the transactions in the general journal. Prepare the stockholders' equity section of C-Mobile's balance sheet at October 31, 2018. Assume C Mobile's net income for the month was $91,000 Total Paid-In Capital Print Done Total Stockholders Equity