Learning Objectives 2, 4 P13-41A Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet 2. Total Stockholders' Equity D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D-Mobile completed the following transactions: $454,000 Oct. 2 Issued 19,000 shares of common stock for a building with a market value of $240,000. 6. Issued 600 shares of preferred stock for $140 per share. Issued 11,000 shares of common stock for cash of $55,000. 10 Declareda $19,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. 25 Paid the cash dividend. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2018. Assume D-Mobile's net income for the month was $94,000,