On February 12, Quality Carpet inc., a carpet wholesaler, issued for cash 220,000 shares of no-par common stock (with a stated value of $3 ) at $9, and on August 3, it issued for cash 25,000 shares of proferred stock, $70 par at $73. a. Journalize the entries for February 12 and August 3 , assuming that the common stock is to be cred ted with the stated value. If an amount box does not require an entry, leave it blank. Fe Au Foro ur work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock. b. What is the total amount invested (total paid in copital) by all stocktholders as of August 3