Question 1 (25 points) Starine, was authorized to issue 500,000 $2,00 preferred thares and 550,000 common stres. During my 2014, their first month of operations, the totown selected transactions occurred a January Gave the corporation's promoter 14.000 cormon shares for the services in organizing the corporation. The doctors and the eve 370.000 b. January 3 14.000 common shares were issued in exchange for land valued at $70.000 January 9 Issued 11,000 common shares at $4.50 per share for cash d January 10: 9,000 of the preferred shares were issued for a total of $27.000 cash January 12:ssued 11,000 preferred shares at $5.50 per share for cash January 15 10,000 of the common shares were issued for a total of $40,000 cash 9. January 10 8,000 proferred shares and 8,000 comeron shares were found at S600 and 2.00, respectively can to 15 ) Po pod journal entries for the above transactions. Enter the transaction letter as the destration when entering the transactions in the oturnal. Dates must be entered in the formal dulmami, wy 15 woxia General Journal Accountanto Papr Debt Credit +