Question # 3- (8 POINTS): Jawad Corporation was organized on 1/1/2020. It is authorized to issue 40,000 shares of 7%, $15 par value preferred stock and 230,000 shares of $3 Par value common stock. The following stock transactions were completed during the first year: 1/1/2020 issued 14,000 shares of common stock for cash at $5 per share. 12/2/2020 issued 10,000 shares of preferred stock for cash at $17 per share. 18/3/2020 issued 30,000 shares of common stock for Land. The asking price of the Land was $92,000; The Stock is currently selling on a Palestine stock exchange at $5 per share. 17/4/2020 issued 20,000 shares of common stock to lawyers in payment of their bill of $70,000 for services provided in helping the company organize. Instructions: Journalize the transactions Answer to Question # 3:-- (8 POINTS)