Post to the stockholders' equity accounts. (Use T.accounts) (Post entries in the order of fournol entries posted in the previous port.) Switty Corporation is authorized to issue both preferred and commonstock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb.1 Issued 54,000 shares for cash at $54 per share. July 1 issued 71.000 shares for cashat $56 per share