Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet B-Mobilc Wireless needed additional capital to expand, so the business incorporated. I he charter from the state of Georgia authorizes B-Mobilc to issue 70.000 shares of 5%. S100 par value cumulative preferred stock, and 110,000 shares of S2 par value common stock. During the first month. B-Mobilc complet the following transactions: Record the transactions in the general journal. Prepare the stockholders' equity section of B-Mobiles balance sheet at October 31, 2014. Assume B-Mobilc s net income for the month was $92,000