The charter of Red Maple Corporation authorizes the issuance of 800 shares of preferred stock and 3,200 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. Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Red Maple balance sheet as of April 30, 2024, for the transactions given in this exercise. Retained Earnings has a balance of $72,000 at April 30, 2024. More info Mar. 23 Issued 200 shares of \$1 par value common stock for cash of \$14 per share. Apr. 12 Received inventory with a market value of $26,000 and equipment with a market value of $20,000 for 300 shares of the $1 par value common stock. Apr. 17 Issued 800 shares of 6%,$30 par value preferred stock for $30 per share