Styles 5. Tea Green Company organized as a corporation on June 16, 2018. The State of Connecticut authorized Tea Green 4,000,000 common shares and 200,000 $4 no-par preferred shares. Tea Green assigned a par value of $1 per common share. Beginning Balance of Retained Earnings is $3,350,000. Journalize the following transactions i. Issued 3,100,000 shares of stock to a major underwriter for S17 per share on June 16 ii. Issued 125,000 shares of preferred stock for $1,000,000 on June 21 iii. Received Inventory worth $2,200,000 and Equipment worth $1,100,000 for 80,000 common shares on August 31 iv. Declared a Dividend on the common September 30 of $.11 per common share v. Paid the Dividend on October 15 Prepare journal entries for the above transactions. Prepare the stockholders equity section of Tea Green's balance sheet as of December 31, 2018 N