The charter of Red Maple Corporation authorizes the issuance of 800 shares of preferred stock and 2,600 shares of common stock. During a two-month period, Red Maple completed these stock-issuance transactions: (Click the icon to view the transactions.) Read the requirements i Requirements Requirement 1. Record the transactions in the general joumal. (Record debits first, then credits. Mar. 23: Issued 210 shares of $2 par value common stock for cash of $20 per share. 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Red Maple balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $77,000 at April 30, 2018. Date Accounts and Explanation Debit Mar. 23 Print Done More Info Mar. 23 ? Apr. 12 Issued 210 shares of $2 par value common stock for cash of $20 per share. Received inventory with a market value of $25,000 and equipment with a market value of $14,000 for 310 shares of the $2 par value common stock. Issued 800 shares of 7%, $50 par value preferred stock for $50 per share. Apr. 17 Check