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Fantasyiine, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the

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Fantasyiine, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the current year, Fantasyline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions (Record debits first, then credits. Exclude explanations from any journal entries) 1. Issued 500,000 shares of its $1 par value common stock at $33 por share. The underwriter charged a 3% fee for issuing the shares. The stock issue costs are not capitalized. Account Current Year UNT ferred stock (2.750.000 authorized) at 542 per share. These shares were privately placed and Fantasyline did not 3 2. Issued 600,000 shares of $11 par value pay stock issue costs Account Current Year Stockholders' Equity Contributed Capital: Common Stock, $1 par value, 41,200,000 authorized and 890,000 shares issued, and 821,500 shares outstanding Additional Paid-in Capital in Excess of Par - Common Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income Less: Treasury Stock (89,000 common shares at cost) 890,000 22,400,000 $ 23,290,000 $ 9,663,350 1,062,700 (1,602,000) $ 32,414,050 Total Stockholders' Equity

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