Question 2 13 Points) Munoz Corporation on September 30,2018 had Common Stock - $1 par value; 800,000 shares authorized; 170,000 shares issued and outstanding with a balance of $170,000; Paid-in capital in excess of par value, common stock with a balance of $250,000, and Retained Earnings with a balance of $350,000 During the year (2018), the following transactions occurred: Oct. Issued 20,000 shares of common stock at $12 per share ( 1/2 pts.) Purchased 11,000 shares of the company's own common stock (treasury stock) for $10 per 8 share. (I pr) 15 Issued 12,000 shares of common stock for a building that has a market value of $150,000. ( 1/2 pts) 27 Declared a $.40 (40 cents) per share cash dividend to the common stockholders with date of October 25 and payment date of November 10. Paid the cash dividend declared on October 27 Sold 6,000 shares of the Treasury Stock for $12 per share. 30 Issued 1,000 shares of 99, $50 par value, Preferred Stock to the promoters who corporation. The service of the promoters was valued at $75,000. 7 Sold the remaining Treasury Stock at S6 per share. 15 Issued 2,000 shares of its Preferred Stock (par value $S0) for $90 per share. record (2 pes) Nov. 10 (l pt.) 16 (1 L/2 pts.) (11/2pts) Dec. 1/2 pt) 1/2 pts.) Required: Record the above transactions in general jounal form. Omit Explanations. uestion 3 (8 Points) January 1, 2017, a truck costing $140,000 with a 8-year life an chased. It was also estimated that the truck would last 240,000 en during the year (2018) were 28,000 miles. Determine the (end of the second year), under the following depreciation Straight-line nits-of-Production ouble Declining-Balance. pet Name: Question #1