C - Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes C - Cell to issue 40,000 shares of 9%, $50 par value cumulative preferred stock, and 130,000 shares of S2 par value common stock. During the first month, C - Cell completed the following transactions: Record the transactions in the general journal. Prepare the stockholders' equity section of C - Cell's balance sheet at October 31, 2014. Assume C - Cell's net income for the month was S91,000. Record the transactions in the general journal. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.) Oct. 2 Issued 19,000 shares of common stock for a building with a market value of $110,000