lus per share , and 150500 holders' Equity: Transactions and Balance Sheet Presentation Tunic Corporation was o LO4, in 2015 paid to each class of stock in 2013 ck on April 1, with an authorization of 25,000 shares of six percent,$50 par value eeermed ganizd 200,000 shares of $5 par value common stock. During April, the following tranactions 00 sha affecting stockholders' equity occurred: stock and 1 Issued 80,000 shares of common stock at $20 cash per share. 3 Issued 2,000 shares of common stock to attorneys and promoters in exchange for their services in organizing the corporation. The services were valued at $31,000 Issued 3,000 shares of common stock in exchange for equipment with a fair market value of $55,000. 8 20 Issued 6,000 shares of preferred stock for cash at $60 per share Required a. Prepare journal entries to record the above transactions. b. Prepare the stockholders' equity section of the balance sheet at April 30. Assume that the net income for April is $51,000. equity LO iane and Balance Sheet Presentation The stockholders