On December 27, 2018, Glade Company was authorized to issue 10,000 share Surnalize stock issuances for par value preferred stock and 300,000 shares of $22 par value common sa required IL a. Cumulative b. Noncumulative b roblem 12-2 completed the following transactions in the month of Januar 2019 ( ash and property, prepare sulting balance sheet .0.5) 2019 Jan. ansactions MITED 14 Issued 45,000 shares of common stock at $2 per share for casa 15 Issued 1,000 shares of preferred stock for $50,000. 19 Exchanged 50,000 shares of common stock for the following au. the indicated fair market values: Land Building Machinery $208,000 540,000 740,000