The charter for Zoom, Inc, authorizes the company lo issue 100,000 shares of $9, no-par preferred stock and 600,000 shares of common stock with $1 par value. During its start-up phase, Zoom, Inc. completed the following transacbions: (1) (Click on the icon to view the transactions) Read the Requirement 1. Record the transactions in the joumat. (Record debits fint, then credits. Exclude explanations from any joumal entries.) Apr 6: Issued 575 shares of comnon stock to the promoters who organized the corporation, receiving cash of $19,550. Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of Zoom's balance sheet at December 31, 2018. Assume the company earned net income of $42,000 during this period