Grouper Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock May 2 Cash 141,700 Capital Stock 141,700 (Issued 10,900 shares of $10 par value common stock at $13 per share) 10 Cash 654,000 Capital Stock 654,000 (Issued 10,900 shares of $50 par value preferred stock at $60 per share) 15 Capital Stocik 8,375 Cash 18,375 (Purchased 1,225 shares of common stock for the treasury at $15 per share) 31 Cash 9,600 Capital Stock 6,000 Gain on Sale of Stock 3,600 (Sold 600 shares of treasury stock at $16 per share) On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually)