C- Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes C-Mobile to issue 60,000 shares of 10%, $100 par value cumulative preferred stock and 100,000 shares of $3 par value common stock. During the first month, C- Mobile 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 C- Mobile's balance sheet at October 31, 2016. Assume C- Mobile's net income for the month was $93,000