During its first year of operations. Flounder Corp, had these transactions pertaining to its common stock. Jan.10 Issued 25.500 shares for cashat 56 per share. July 1 Issued 52.500 shares for cashat $8 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (b) Journalize the transactions, assuming that the common stockis no-par witha stated value of \$1 per share: (Record journol entries in the order presented in the problem. Credit account tities are outomaticolly indented when omount is entered. Do not indent manually. If no entry is required, select 'No Entry' for the occount titles and enter O for the amounts) (a) Cash CommonStock Cash Common Stock Phidin Capital in Encess of Par Value-Comman Stock. (b) Preferredstock Paid-in Capital in Excoss of Par Vahe-Preferred 5tock Treasarystock: Canh