Question 8 11 pts Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first year, the company has the following transactions: Mar. 1 Issued 40,000 shares of stock at $9.75 per share Apr. 10 Issued 1,000 shares of stock for legal services valued at $10,000 Oct. 3 Purchased 1,000 shares of treasury stock at $9 per share Journalize the transactions and calculate how many shares of stock are outstanding at August 3. HTML Editor BI U A - A T = = = = = X = = = - % G A 12pt Paragraph Year 1 DR Cash 390,000 80.000