During 2016, GdellW has the following transactions involving its common and preferred stock: a. Issued 10,000 shares of 35 par common stock for $20 a share. This brings total shares outstanding to 50,000 shares and 100,000 shares are authorized. b. Issued 8,000 shares of 5100 par, 6%, cumulative preferred stock for $110 per share. c. When the market value ofthe common stock reached 530 a share, Eoodfellow declared 3-for-1 stock split, reducing the par value to 51.6? per share. Required: Prepare a journal entr'glr for each transaction