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Switty Corporation is avthorized to isue both preferred and common stock. The par value of the preterred is $50. During the hrst year of operations,

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Switty Corporation is avthorized to isue both preferred and common stock. The par value of the preterred is $50. During the hrst year of operations, the company had the following events and transactions pertaining to its preferred stock Feb. 1 issoed 44,300 sharesfor cash at $51 per thare. duly 1 issed 68.000 shares for cahhat $56 per share. (tb) Post to the stoclhoiders equity actounts. (Post entries in the order of iournat entries aresented in the previous part.]

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