Read the requirements Issued preferred stock for cash. Requirement 2. Prepare the stockholders' equity section of the Cherry Blossom balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $78,000 at April 30, 2018 Cherry Blyssom Corporation Balance Sheet (Partial) April 30, 2018 Stockholders' Equity Paid-In Capital: Preferred Stock-7%, $10 Par Value; Common Stock-$4 Par Value; Paid-In Capital in Excess of Par-Common Retained Earnings Accumulated Depreciation Equipment Total Paid-In Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer PrtScn F8 Home F9 End F10 PgUp F11 PgDn F12 F7 Ins ) 8 9 0 200 shares of common stock. During a two-month period, Cherry Blossom completed these ock-issuance transactions: (Click the icon to view the transactions.) ead the requirements Issued preferred stock for cash. More Info Mar. 23 Issued 240 shares of $4 par value common stock for cash of $12 per share. Apr. 12 Received inventory with a market value of $23,000 and equipment with a market value of $20,000 for 340 shares of the $4 par value common stock. 17 Issued 1,000 shares of 7%, $10 par value preferred stock for $10 per share. 0 Requirements - X 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Cherry Blossom balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $78,000 at April 30, 2018. To otal Print Done bose from any list or enter any number in the input fields and then click Check Answer. parts showing Clear All Check Answer PrtScn F8 Home F9 End PgUp F10 F11 PgDn F12 Ins