View Policies Show Attempt History Current Attempt in Progress Santiago Corp. a publicly traded company, had 2.300 preferred shares issued with a balance of $50,600 and 144,000 common shares issued with a balance of $720,000 at the beginning of the year. The following share transactions occurred during the year: June 12 July 11 Oct. 1 Issued 46,900 common shares for $6 per share. Issued 1,000 preferred shares for $26 per share. Issued 9,100 common shares in exchange for land. The common shares were trading for $7 per share on that date. The fair value of the land was estimated to be $69.000 Issued 22,500 preferred shares for $28 per share Nov. 15 (a) 10) * Your answer is incorrect Calculate the number of shares and balance in the account for each of the preferred and common shares at the end of the year. Number of shares Balance in accounts (1) Preferred shares 9100 S (2) Common shares 9100 $ e Textbook and Media List of Accounts