Pina Colada Corporation began operations on April 1 by issuing 56,500 shares of $6 par value common stock for cash at $15 per share. On April 19, it issued 2,150 shares of common stock to attorneys in settlement of their bill of $26,300 for organization costs. In addition, Pina Colada issued 1,850 shares of $1 par value preferred stock for $4 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.