D- Coll Wireless reeded additonal capital to expand, no the business incoporeled. The charker from the stale of Georgia asthorizes D- Cell to insue 60,000 sharea of 8%,559 par value cumudative prefered stock and 110,000 shares of $4 par value common slock. Duing the fist month, D - Coll compleled the folowing travsoctione: (1) (Click the ioon to view the transactions) Read the reauitements Oct. 2. lsaued 23,000 shves of common stock for a bulding with a maket value of 32.00,000. More info Oct. 2 Issued 23,000 shares of common stock for a building with a market value of $260,000. Oct. 6 Issued 750 shares of preferred stock for $130 per share. Oct. 9 Issued 16,000 shares of common stock for cash of $96,000. Oct. 10 Declared a $20,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Oct. 25 Paid the cash dividend. Assume D-Cell's net income for the month was $89,000. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D - Cell's balance sheet at October 31, 2024. Assume D-Cell's net income for the month was $89,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.)