Mar. 23: Issued 240 shares of $1 par value common stock for cash of $12 per share Accounts and Explanation Date Debit Credit 2,880 Cash Mar. 23 Common Stock-$1 Par Value 240 Paid-In Capital in Excess of Par-Common 2,640 Issued common stock for cash. Apr. 12: Received inventory with a market value of $24,000 and equipment with a market value of $18,000 for 340 shares of the $1 par value common stock Accounts and Explanation Date Debit Credit 24,000 Inventory Apr. 12 Equipment 18,000 Common Stock-$1 Par Value 340 Paid-In Capital in Excess of Par-Common 41,660 Issued common stock for inventorv and eauipment Apr. 17: Issued 800 shares of 7%, $20 par value preferred stock for $20 per share Accounts and Explanation Credit Date Debit Cash 16,000 Apr. 17 Preferred Stock-$20 Par Value 16,000 Issued preferred stock for cash. Requirement 2. Prepare the stockholders' equity section of the Maple Leaf balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $80,000 at April 30, 2018 Maple Leaf Corporation Balance Sheet (Partial) April 30, 2018 Stockholders'Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity