The charter for Zuma, Inc authorizes the company to issue 750,000 shares of S7. no-par preferred stock and 850,000 shares of common stock with S1 par value During its start-up phase Zuma, Inc completed the following transactions (Click on the icon to view the transactions) Read the requirements Apr 06 Cash Pret Vissued Requirement 1. Record the transactions in the journal (Record debits first thin credits Exclude explanations from any foumal entries) 09 Apr 6 Issued 550 shares of common stock to the promoters who organized the corporation, receiving cash of $18,700 Journal Entry Date Accounts De Credit 60 Apr 14 Land Comme Paid in Disture of to Apr 12 Issued 650 shares of preferred stock for cash of $22.000 ca Adot Cree Stockholder's Equity Common Stock Star Journal Entry Accounts Date Debit Credit 2150 ud and outstar 12 Preferred Stocno NEY COM 100 and standi Paid in capital in Apr 14 Issued 1000 shares of common stock in exchange for land with a market value of $25,000 Journal Entry Date Accounts Debit Credit Apr 14 Requirement 2. Prepare the stockholders equity section of Zuma's balance sheet at December 31, 2018 Assume the company earr during this period. (Enter the accounts in the proper order for the stockholders equity section of the balance sheet) Stockholders' Equity Paid in capital Requirement 2. Prepare the stockholders' equity section of Zuma's balance sheet at December 31, 2018 Assume the company earned net income of 537,000 during this period. (Enter the accounts in the proper order for the stockholders equity section of the balance sheet) Stockholders' Equity Pald-in capital Common stock, 51 par EV APO Total stockholders equity More info 2018 of 537 000 Apr 6 issued 550 shares of common stock to the promoters who organized the corporation receiving cash of $18.700. 12 Issued 650 shares of preferred stock for cash of $22,000 14 Issued 1,000 shares of common stock in exchange for land with a market value of 525,000 Print Done