Presented below is selected information related to the Lazer Leveling Systems Company for the 2022 year: 1. April 1, 2022: The company is granted a charter that authorizes issuing, over time, 50,000 shares of 2% $100 par value non-cumulative preferred stock, and 500,000 shares of $10 par value common stock. 2. April 18, 2022: 20,000 shares of common stock were initially issued for a combined value totaling $750,000 determined as follows: land with an appraised value of $500,000 and cash of $250,000. 3. July 1, 2022: 25,000 shares of preferred stock were issued for cash at $105 per share. 4. August 1, 2022: An additional 125,000 shares of common stock were issued for $42 per share. 5. September 1, 2022: The board of directors authorized and declared an 8% Common Stock Dividend to be distributed in 30 days. On the day of declaration, the stock was trading among outside investors in the market at $44 per share. 6. October 1, 2022: The common stock dividend was distributed. Instructions Prepare the general journal entries necessary to record the above events.