Illinois Corporation has two classes of stock: common, $2 par value: and preferred, $30 par value. 1. Journalize Illinois's issuance of 1, 500 shares of common stock for $11 per share. 2. Journalize Illinois's issuance of 1, 500 shares of preferred stock for a total of $45,000. 1. Journalize Illinois's issuance of 1, 500 shares of common stock for $11 per share. (Check your spelling carefully and do not abbreviate. Be sure to include the type of stock in the account names where applicable and enter par values as whole dollar amounts. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 2. Journalize Illinois's issuance of 1, 500 shares of preferred stock for a total of S45.000. (Check your spelling carefully and do not abbreviate. Be sure to include the type of stock in the account names where applicable and enter par values as whole dollar amounts. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)