Colorado Corporation has two classes of stock: common, $3 par value; and preferred, $30 par value. Requirements 1. Journalize Colorado's issuance of 4,500 shares of common stock for $6 per share. 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total of $135,000 Requirement 1. Joumalize Colorado's issuance of 4,500 shares of common stock for $6 per share. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Date Accounts and Explanations Debit Credit Requirement 2. Joumalize Colorado's issuance of 4,500 shares of preferred stock for a total of $135,000. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit