Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb 1 Issued 20,000 shares for cash at $53 per share. Issued 12,000 shares for cash at $57 per share. July 1 c) Indicate the financial statement presentation of the related accounts B 1 T I.EE . E 3 = 9 0 TT