Flounder Corp. recently hired a new accountant with extenswe experience in accounting for partnerships. Because of the pressure of the new job, the accountant wasunable to review what he had learned earlier about corporation accounting Durling the first month. he made the following entries for the corporation's capital stock. May 2 Cash Capitalstock (issued 8,400 shares of \\( \\$ 10 \\) par value common stock at \\( \\$ 13 \\) per share) 10 Cash Capitalstock (Ussued 11.000 shares of \\( \\$ 20 \\) par value preferred stock at \\( \\$ 55 \\) per share) 15 Capital Stock cash 109,200 109.200 605,000 605,000 (Purchased 780 shares of common stock for the treauryat \\( \\$ 12 \\) per share) On the basis of the explarution for each critrk prepare the entries that should huve been made for the capital stock transactions (Recond journal entries in the order presented in the probiem. Credit account titles are outcomoticaliy indented when amount is entersd. Do not indent manualix. Lht oll debit entries before credit entries. If ne entry is required, select \"No Entry\" for the occount itles and enter ofor the. anounts)