Stake Technology Inc. began a very lucrative consulting operation on June 1, 2014. They are authorized to issue 550,000 shares of $3.00 cumulative preferred shares. They are also authorized to issue 550,000 common shares a. June 5: Gave the corporation's promoters 14,000 common shares for their services in organizing the corporation. The directors valued the services at $15,000. b. June 9 14,000 common shares were issued in exchange for land valued at $14,000 c. June 10 5,000 of the common shares were issued for a total of $30,000 cash. d. June 18 Issued 8,000 preferred shares at $6.55 per share for cash e. June 22:14,000 of the preferred shares were issued for a total of $40,600 cash. f. June 30 In addition to the declaration of the annual dividend on the preferred shares, dividends of $56,100 were declared on the common shares today. Prepare journal entries for the above transactions, entering the transaction letter as the explanation. Also, enter dates in the format dd/mmm (ie. 15/Jan) General Journal Page GJ1 DateAccount/ExplanationF Debit Credit