Delong Corporation was organized on January 1, 2015. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 545,400 shares of no-par DeLong Corporation was organized on January 1, 2015. It is a common stock with a stated value of $2 per share. The following stock transactions were completed during the first year 83,100 shares of c 10,400 of c stock to in Issued 2,100 shares of stock for cash at $112 per share. se ect "No entry" for the account titles and enter 0 for tho Jan. 10