EA9. LO 14.2 St. Marie Company is authorized to issue 1,000,000 shares of $5 par value preferred stock, and 5,000,000 shares of $1 stated value common stock. During the year, the company has the following transactions: Jan. 31 Issued 140,000 common shares at $10 share Jun. 10 Issued 160,000 preferred shares in exchange for land with a clearly determined value of $850,000 Aug. 3 Issued 10,000 shares of common stock for $9 per share 1.) Journalize the transactions. 2.) Prepare the company's stockholders' equity