John Smith Corporation obtained authorization of 60,000 5% cumulative preferred stock with $10 par value. It also received authorization of 200,000 Ordinary Shares of $5 par value. Note: Use the following account titles Cash Cash Dividend Dividend payable Income Summary Ordinary Shares Share Premium - Ordinary Shares Share Premium - Preference Shares Preference Shares Retained Earnings Journalize the following transactions during the year: Jan 6 The Company issued 15,000 Ordinary Shares for $8 each to 10 investors. Account title Dr Cr Jan 7 The Company issues to employees 150 shares for their services worth $2,500. Account title Dr Cr Jan 12 The Company issued 2000 preferred shares for $30,000. Account title Dr Cr Jun 4 Gave 10,000 shares as consideration for purchase of building. The stock was actively trading at $20 per share. The estimated value of similar buildings in market was $215,000. Account title Dr Cr Nov 15 A $8 per share dividend was declared for preferred shares. Account title Dr Cr