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The charter of Magnolia Corporation authorizes the imance of 1,000 shares of preferred stock and 3.000 shares of common stock. During a two month period. Magna completed the chance transactions (Click the icon to view the transaction) Requirements 1. Record the transactions in the general jumal Prepare the stockholdes y section of the Magnolia balance sheet as of April 30, 2016. for the transactions given in this exercise Retained ned Emings has a balance of $70,000 Apl 30, 2016 Magnolia Corporation Balance Sheet (Partial) April 30, 2016 More info Stockholders' Equity Paid in Capital Marsued 2 shares para common stock for the Apr 12 Received inventory market value of 23.000 and what wake of $15.000 for 310 shares of the st par vecommons 17 1 000 shares of 6530 para predstock for 50 share Pan Done Total Pain Capital Choose from to enter numbers and then ca Check Answer Check