King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent, $13 par value, 40,500 shares authorized Common stock: $8 par value, 86,300 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 22,500 shares of common stock for $12 per share. b. Sold 7,500 shares of the preferred stock at $23 per share. C. Sold 2,700 shares of the preferred stock at $23 per share and 2,100 shares of common stock at $13 per share. Required: Provide the journal entries required to record each of the transactions in (a) through (c). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)