Monty Corp is authorized to issue both preferred and common stock. The par value of the preferred is 550 . During the finst year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 issued 45,500 shares for cashat $55 per share. futy 1 issued 63500 shares ter eish at $58 per share Journslize the transictions. (Record journal entries in the order presented in the problem Crefit occount titles ore automoticaly indented when amount is entered. Do not indent manualiy. List all debit entries before cendit entries. If no entry ls requled, select "No Entry" for the account titfer and enter 0 for the amounts? Post to the stockholders' equity accounts. (Post entries in the order of foumal entries posted in the previour port)