Show calculation please! Ann's Company issued 80.000 shares of $50 par value preferred stock at $68 per share and 120,000 shares of no-par value common stock at $10 per share. The common stock has no stated value. All issuances were for cash.

a. Prepare the journal entries to record the share issuances. b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $5 per share. c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $1 per share.

Ref	Description	Debit	Credit
a.	Cash		$
	Preferred Stock
	Issued 80.000 shares of preferred stock
	Cash
	Common stock
	Issued 120000 shares of no-par value common stock
b.	Cash
	Common stock
	Paid-in capital in excess of stated value - common stock
	Issued 120.000 shares of no-par common stock, stated value of $5, at $10 per share
c.	Cash
	Common stock
	Paid-in capital in excess of par value - common stock
	Issued 120000 shares of $1 par value common stock, at $10 per share