Icy Enterprises Inc. manufactures office furniture. The company was incorporated on January 1, 2015 with an authorized share of 50,000 common stock with a $100 par value per share and 10,000 shares of no-par value 8% preferred stock with a stated value of $ 50 per share. The following stock transactions were completed during the first year. Journalize the transactions. Jan-15: Issued 8,000 shares of common stock for cash at $120 per share. Apr-15: Issued 2,000 shares of common stock to buy land and buildings, the asking price of these two assets were $100,000, $220,000, respectively. Each share was trading at $110 in the market. Jun-15: Issued 5,000 shares of common stock for cash at $115 per share. Jul-15: Issued 5,000 shares of preferred stock for cash at $80 per share. Aug-15: Issued 10,000 shares of common stock to the consultants for helping the company appraise an up-coming project. The on- going market price of the common stock at that time was $ 112 per share. Oct-15: Issued 1,000 shares of preferred stock for cash $50 per share. Instructions: Journalize the transactions in the following table for the entire year for Icy Enterprise