Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first yeat, the corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share. Mar, 2. Issued 140,000 shares of common stock at $13 per share. Ape. 10 Issued 15,000 shares of common stock for equipment valued at $196,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment. Jun. 12 Issued 10,000 shares of common stock at $15 per share. Aug. 5 Issued 1,000 shares of preferred stock at $112 per share. Common Stock Additional Paid-in Capital from Common Stock Apr. 10 Equipment Common Stock Additional Paid-in Capital from Common Stock Jun. 12 Cash Common Stock Aug. 5 Cash Preferred Stock Additional Paid-in Capital from Preferred Stock Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first yeat, the corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share. Mar, 2. Issued 140,000 shares of common stock at $13 per share. Ape. 10 Issued 15,000 shares of common stock for equipment valued at $196,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment. Jun. 12 Issued 10,000 shares of common stock at $15 per share. Aug. 5 Issued 1,000 shares of preferred stock at $112 per share. Common Stock Additional Paid-in Capital from Common Stock Apr. 10 Equipment Common Stock Additional Paid-in Capital from Common Stock Jun. 12 Cash Common Stock Aug. 5 Cash Preferred Stock Additional Paid-in Capital from Preferred Stock