The red answers are all wrong

4 Award 032 out 100 point Ava School of Learning obtained a charter at the start of the year hat authorized 50,000 shares of no-par oommon stock and 20,000 shares of prefemed stock par vale $10. During the year the following seleced a Collected $44 cash per shane from four indviduals and issued 5,400 shares of common stock to each b Issued ,400 shares of common stock to an outside investor a 344 cash per share c. Issued 8.400 shares of preflerned stock at $24 cash per share the pumal entries indicated for each of these transactions If no entry is equired for a select ?0 Journal Emy Requred" in the first accort feld) I 950.4000 50,400 Common Stock Cash 281800 Common Stock 81,000 O201.00 Cash Prelemed Stock 0 2Prepane the stockolders equity setion of the balance sheet at December 31. At he end of the year the accounts reffected met income of 540000. No dividends wee declaed Balance Sheet (Partia) Equity Adasional Paid-in Captal Common Stock 1232.000 Retained 40.000 otal Sockholders Equty Hints Book&Resounses Financial Statements O Type here to searc