LMN Corporation issued 2,500 shares of $50 par value preferred stock at $65 per share. The stock issuance costs amounted to $7,500. Requirements: a. Prepare the journal entry to record the issuance of preferred stock by LMN Corporation. b. Calculate the total amount of cash received from the issuance. c. Record the preferred stock account. d. Determine the amount of stock issuance costs to be capitalized. e. Analyze the impact of the stock issuance on the balance sheet and income statement.