B Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Cell to issue 80,000 shares of 7%, $50 par value cumulative preferred stock and 170,000 shares of $1 par value common stock. During the first month, B-Cell completed the following transactions: Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B-Cells balance sheet at October 31, 2016. Assume B-Cell's net income for the month was $94,000