name in the space providel below: The shareholders' nquity section of 5uperior Corporation's balence sheet as of December 31, 2018, is as followe The folowing events occurred during 2019: Jan, 510,000 shares of authorized and unissued common stock were sold for 18 per share. 1610,000 shares of auchorized and unissued preferred stock were sold for 1109 per share. Ape 180,000 shares of common stock were repurchased for the treasury at a price of $19 per shar Superior uses the cost method to account for treasury stock. Sep.1.3,000 shares of preferred stock are issued in exchange for a piece of land. The land tas an appraised value of $336,000. The preferred stock currently trades on the New York Stock Exchange at a price of $109 per share. Dee t 25,000 shares of treasury stock are reissued at a price of 524 per share. Required: 1) Prepare journal entries for each of the above transactions. 2) Calculate the number of authorized, issued, and outstanding common shares as of December 31,2019