Pickering Stores is authorized to issue 11,000 shares of common stock. During a two-month period, Pickering completed these stock transactions: (Click. the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize the transactions. Begin by journalize the transaction on January 23. (Record debits first, then credits. Exclude explanations from any joumal entries.) Data table Jan 23 Issued 1,000 shares of $6.00 par common stock for cash of $14.00 per share. Feb 12 Received inventory with a market value of $11,000 and equipment with market value of $44,000 for 3,800 shares of the $6.00 par common stock. Requirements 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Pickering's balance sheet for the transactions. The company's Retained Earnings account has a balance of $41,000