Wawanesa Inc. is a private corporation that formed on March 1, 2020. It is authorized to issue 100,000, $5 noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: Mar. 10 Issued 70,000 common shares at $4 per share. Apr. 1 Issued 5,000 preferred shares at $110 per share. May 1 Issued 25,000 common shares for land. The land's value was appraised at $90,000. July 20 Issued 90,000 common shares at $4.50 per share. Aug. 7 Issued 10,000 common shares to lawyers to pay their bill of $50,000 for services they performed in helping the company form. Oct. 1 Issued 10,000 common shares for $5 per share. Dec. 1 Issued 1,000 preferred shares for $115 per share. Instructions: a. Journalize the transactions b. Determine the number of shares issued and the average per share amount for each class of shares: common and preferred. Round amounts to the nearest dollar. Show ALL calculations for full marks