Exercise 15-1 Grouper Inc. was organized on January 1, 2020. It is authorized to issue an unlimited number of common shares and 105,000 preferred shares with a s7 dividend. The following share transactions were completed during the first year: Jan.10 Issued 209.000 common shares for cash at $23 per share. Mar. 1 Issued 18,000 preferred shares for cash at $119 per share. Apr. 1 Issued 3,000 common shares for land. The asking price for the land was $67,000; its fair value was 562,100. May 1 Issued 21,300 common shares for cash at $16 per share. Aug. 1 Issued 1,300 common shares to lawyers in payment of their bill of $22,100 for services rendered in helping the company incorporate. Sept. 1 Issued 34,000 common shares for cash at $15 per share. Nov. 1 Issued 1,600 preferred shares for cash at $125 per share. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit