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[The following information applies to the questions displayed below.] Litle League Apparel has two classes of stock authonized: 6%.$10 par preferred, and $1 par value commori. The followin transactlons affect stockholders' equity during 2024 . its first year of operations: Record the issuance of 110,000 shares of common stock for $54 per share. Note: Enter debits before credits