The charter for Zoom, Inc., authorizes the company to issue 600,000 shares of $2.no-par preferred stock and 1,000,000 shares of common stock with $1 par value. During its start-up phase Zoom, Inc. completed the following transactions: Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the journal (Record debits first, then credits. Exclude explanations from any jumal entries.) Apr 6:sed 525 shares of common stock to the promoters who organized the corporation, receiving cash of $17,850 Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question 0 More Info 2018 Apr 6 Issued 525 shares of common stock to the promoters who organized the corporation, receiving cash of $17,850. 12 Issued 450 shares of preferred stock for cash of $24,000. 14 Issued 1.700 shares of common stock in exchange for land with a market value of $18,000. Print Done 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 $31,000 during this period. Print Print (Dono Done