Grouper Inc. recently hired a new accountant with extensive experience in accounting for partnerships. B Date Account Titles and Explanation Debit Credit May 2 Cash 165,000 Capital Stock 165,000 (Issued 11,000 shares of $5 par value common stock at $15 per share) May 10 Cash 540,000 Capital Stock 540,000 (Issued 9,000 shares of $30 par value preferred stock at $60 per share) May 15 Capital Stock 16,800 Cash 16,800 (Purchased 1,200 shares of common stock for the treasury at $14 per share) May 31 Cash 10,370 Capital Stock 6,100 Gain on Sale of Stock 4,270 (Sold 610 shares of treasury stock at $17 per share) On the basis of the explanation for each entry, prepare the entries that should have been made for the ca amounts.) Date Account Titles and Explanation Debit Credit