In its first year of operations, Sunland Company had the following transactions pertaining to its $11 par value preferred stock. Feb. 1 Issued 8,700 shares for cash at $28 per share. July 1 Issued 6,700 shares for cash at $26 per share. 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.)