Question1 In its first year of operations, Banner Elk Corporation had the following transactions pertaining to its $10 par value preferred stock. Feb. 1 Issued 6,000 shares for cash at $43 per share. Nov. 1 Issued 3,000 shares for cash at $45 per share. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Indicate the amount to be reported for (1) preferred stock, and (2) paid-in capital in excess of par-preferred stock at the end of the year. (1) Preferred stock (2) Paid-in Capital in Excess of Par-Preferred Stock SHOW LIST OF ACCOUNTS LINK TO TEXT