Flounder Corp. was organized on January 1,2025, It is authorized to issue 21,500 shares of 5%,$50 par value preferred stock and 455,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 67,500 shares of common stock for cash at $5 per share. Mar, 1 Issued 14,500 shares of preferred stock for cash at $52 per share. May 1 Issued 112,500 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,500 shares of common stock for cash at $6 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $55 per share. (a) Journalize the transactions. (Record joumal entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. List all debit entries before credit entries.) 337500 Common Stock