Concord Corporation has been authorized to issue 20,700 shares of $100 par value, 6%, noncumulative preferred stock and 1,170,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $157,000 21,700 Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock 1,995,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,580,000 Treasury Stock (4,190 common shares) 41,900 Retained Earnings 84,100 49,700 Accumulated Other Comprehensive Income The preferred stock was issued for $178,700 cash. All common stock issued was for cash. In November 4,190 shares of common stock were purchased for the treasury at a per share cost of $10 No dividends were declared in 2022. Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Issuance of preferred stock for cash Issuance of common stock for cash (1) (2) (3) Purchase of common treasury stock for cash. Credit No. Account Titles and Explanation Debit 1. 2. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2022 CONCORD CORPORATION Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work