Use the following to answer questions 31-36: At the end of last year, Tull Co. submitted paperwork to switch from a sole proprietor ship to a corporation. Just prior to year end, the company received final authorization from the state of Idaho to incorporate. In the articles of incorporation, Tull, Inc. is authorized to issues 1,000,000 shares of $2 par common stock. On December 31st, Mrs. Tull received 250,000 shares of common stock in exchange for her equity in the sole proprietorship. 31. (3 points) Make the journal entry to record Tull's first equity offering on January 15th of the current year. The company issued 150,000 shares at par value. (LE 19) 32. (5 points) Make the journal entry to record an additional equity offering on June 1st. The company issued 60,000 shares for $8 per share. (LE 19)