Prepare journal entries to record the following for ABC's first year of operations: 3/1/16 Issued 10,000 shares of $2 par common stock at $59 per share for cash (assume these were issued on an actively traded market) 3/1/16 Issued 1.000 shares of common stock in exchange for equipment with a fair market price of $60,000 3/8/16 Issued 200 shares of $90 par, 10% preferred Stock for $100 per share 8/9/16 Repurchased 800 shares of $2 par common stock at $55. 9/3/16 Sold 500 shares of treasury stock at $60. Date Account Amount 3/1/2016 Debit . a e 3/1/2016 o a 0 3/8/2016 . I 8/9/2016