Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 75,000 shares of preferred 1% stock, 955 par and 600,000 shares of $10 par comm The following selected transactions were completed during the first year of operations Jumalize the transactions. If an amount box does not require an entry, leave blank. Feb. 5. 145,000 shares of comman stack at par for cash Feb. 88 Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. S Apr. 9. Issued 23,000 shares of commun stack in c Apr. 9 for land, burdings, and equipment w market prices of $42,000, $229,000, and $51,000,pectively. June 14. led 30,000 shares of preferat stock at $75 for cash Sun 14