During its first year of operations. Eastern Data Links Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1million preferred shares, $50 par per share. Feb. 12 Sotd 2 mitlion common shares, for $9 per share. 13 1ssued 46,000 comtion shares to attorneys in exchange for legal services. 13 Sold 80,060 of its conmon shares and 4,60e preferred shares for a total of 5945,000. Nov. 15 Is isued 380,060 of its comeon 5 hares in exchange for equipent for which the cash price was known to be $3,688,000. Required: Prepare the appropriate journal entries to record each transaction. (if no entry is required for a particular transaction, select "No journai entry required" In the first account field. Enter your answers in whole dollars.) Required: Prepare the appropriate journal entries to record each transaction. (If no entry is required for a par journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Sold 2 million common shares, for $9 per share. Note: Enter debits before credits. Journal entry worksheet Issued 40,000 common shares to attorneys in exchange for legal services. Note: Enter debits before credits. Journal entry worksheet Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000. Note: Ente debits before credits. Journal entry worksheet Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000. Note: Enter debits before credits