Learning Objectives 2, 4 P-F:13-48B Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet 2. Total Stockholders' Equity $530,000 C-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes C-Mobile to issue 120,000 shares of 9%,$150 par value cumulative preferred stock, and 140,000 shares of $3 par value common stock. During the first month, C-Mobile completed the following transactions: Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of C-Mobile's balance sheet at October 31, 2024. Assume C-Mobile's net income for the month was $95,000