Problem 11-1A Pronghorn Corp. was organized on January 1, 2017, It is authorized to issue 19,800 shares of 7%, $50 par value preferred stock and 462,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 71,000 shares of common stock for cash at $5 per share. Mar. Issued 1,220 shares of preferred stock for cash at $56 per share. May Issued 116,000 shares of common stock for cash at $8 per share Sept. Issued 5,200 shares of common stock for cash at $6 per share. Nov. 1 Issued 3,200 shares of preferred stock for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for te account titles and enter O for the amounts.)