Cornerstone Exercise 10-25 Recording the sale of common and Preferred Stock Donahue Corporation is authorized by its charter from the State of Illinois tout 2,000 shares of preferred stock with a par value of $30 per share and 125,000 shares of common stock with a par value of 0.01 per share on January 1, 2019. Donahusus 1,300 shares of preferred stock atas per share and 54,000 shares of common stock at $12.50 per share Required: Prepare the journal entry to record the issuance of the stock Preferred Stock Additional Paid-In Capital - Preferred Stock Common Stock Additional Pain Capital - Common Stock Record sale of preferred and common stock) Check When companies a common or prone to the r ing ownership cams are in the c o ck section of socios