Swifty Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 54,000 shares for cash at $54 per share. July 1 Issued 71,000 shares for cash at $56 per share. (a) Journalize the transactions. (Record joumol entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the occount titles and enter Ofor the omounts) Journalize the 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. List all debit entries before credit entries. If no entry is required, select "No Entry for the occount titles and enter 0 for the amounts.)