Sunland Company recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock. May 2 145,600 145,600 10 728.000 Cash Capital Stock (Issued 11,200 shares of $10 par value common stock at $13 per share) Cash Capital Stock (Issued 11,200 shares of $55 par value preferred stock at $65 per share) Capital Stock Cash 728,000 15 19.500 19,500 31 4,800 (Purchased 1,300 shares of common stock for the treasury at $15 per share) Cash Capital Stock Gain on Sale of Stock (Sold 300 shares of treasury stock at $16 per share) 3,000 1,800 On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit