On Feb. 1, 10,000 shares of $5 par common stock were issued at $22. On Feb. 7, 5,000 shares of $50 par preferred stock were issued at $104. On Feb. 12, 5,000 shares of common stock were issued in exchange for equipment w/ a fair-market valuation of $30,000. Journalize the entries Date Description Debit Credit Cash Common Stock Paid-in Capital in Excess of Par common Cash Preferred Stock Paid-in capital in Excess of Par Preferred Equipment Common Stock Paid-in Capital in Excess of Par- common