In its first year of operations, Larkspur Marine Corporation had the following transactions pertaining to its $10 par value preferred stock: Feb.1 Issued 9,400 shares for cash at $24 per share. July 1 Issued 7,400 shares for cash at $25 per share. (a) Your answer is correct. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Indicate the amount to be reported for (1) preferred stock, and (2) paid-in capital in excess of par-preferred stock at the end of the year. (1) Preferredstock (2) Paid-in capital in excess of par-preferred stock