Professional Products Inc., a wholesaler of office products, was organized on February $5$ of the current year, with an authonzation ef $75,000$ shares of prefetted $2\%$ stock, $575$ par and $400,000$ shares of $$20$ par common stock. The following selected transactions were completed during the first year of operations:Journalize the transactions.If an amount box does not require an entry, leave it blank.Feb. $5.$ Issued $150,000$ shares of common stock at par for cash.