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United Corporation was authorized to issue 400,000 $2.00 preferred shares and 650,000 common shares. During February 2014, their first month of operations, the following selected transactions occurred: a. February 3: 12,000 preferred shares and 16,000 common shares were issued at $7.00 and $5.00, respectively, cash. b. February 12: 12,000 of the common shares were issued for a total of $36,000 cash. c. February 13 : Issued 12,000 common shares at $2.50 per share for cash. d. February 17:10,000 of the preferred shares were issued for a total of $40,000 cash. e. February 22 : Issued 11,000 preferred shares at $5.00 per share for cash. f. February 28 : Gave the corporation's promoters 13,000 common shares for their services in organizing the corporation. The directors valued the services at $26,000. g. February 28 : 10,000 common shares were issued in exchange for land valued at $20,000. Prepare journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.e., January 15 would be 15/Jan) Surna olaration Page GJ5 Credit F Debit