W PRINTER VERSSN Question 1 Shamock Corporation was organized on January 1, 2017. tt is autherized to lssue 9,500 shares of %, $100 par value preferred stock, and 525,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first yea Jan. 10 Issued 80,520 shares of common stock for cash at $7 per share Mar. 1 Issued 5,690 shares of preferred stock for cash at $112 per share. Ape. 1 Issued 24,700 shares of common stock for land. The asking price of the land was $90,410; the fair value of the land wa $80,620 May 1 1ssued 80,620 shares of common stock for cash at $9 per share Aug. 1 1ssued 9,500 shares of common stock to attorneys in payment of ther bill of $so,900 for services rendered in heiping the company organize Sept. 1 Issued 9,500 shares of common stock for cash at $11 per share Nov. 1 1ssued 1,020 shares of preferred stock for cash at $101 per share, Pregare the jourmal entries to rycord the above transactions. (Creait account tites are autamatically mdnted when amount in enteret, D not indent manually ir no entry in n select "Ne Entry for the account tities and enter for the amounts Credit Debit Account Titles and Explanation Date