Velor Inc. was authorized to issue 400,000 $2.00 preferred shares and 650,000 common shares. During April 2014, their first month of operations, the following selected transactions occurred: a April 7 : Issued 7,000 preferred shares at $2.00 per share for cash. b. April 9 : 9,000 of the common shares were issued for a total of $72,000 cash. c. April 9 : Issued 13,000 common shares at $5.50 per share for cash. d. April 10: 5,000 preferred shares and 9,000 common shares were issued at $9.00 and $3.00, respectively; cash e. April 22: 9,000 of the preferred shares were issued for a total of $63,000 cash. f. April 24: 5,000 common shares were issued in exchange for land valued at $5,000. g. April 25: Gave the corporation's promoters 6,000 common shares for their services in organizing the corporation. The directors valued the services at $48,000. Prepare journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan) General Journal Pane G15