Atul Incorporated made the following share issuance transactions:

Jan. 19 Issued 4,500 common shares for cash of $11.00 per share.

Feb. 3 Sold 1,000 $1.50 Class A preferred shares for $14,000 cash.

11 Received inventory valued at $20,000 and equipment with market value of $17,000 for 5,800 common shares.

15 Issued 2,000 $1.00 Class B preferred shares for $13.00 per share.

Required

1. Journalize the transactions. Explanations are not required.

2. How much contributed capital did these transactions generate for Atul Incorporated?