Prepare the journal entries to record the following separate issuances of stock. 1.) A corporation issued 1,000 shares of $8 par value common stock for $10,000 2.) A corporation issued 3,000 shares of $18 par value preferred stock for $85,000. 3.) A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts estimated to be worth $20,000. The stock has a $3 stated value. 4.) A corporation issued 2,500 shares of no-par common stock in exchange for a building worth $75,000. 1 A BIU-I Date Account & Explanation Debit Credit