Here I go again I posted this problem a day ago and I did pay but all I received was a response that this question was no longer in the post which I don't understand if I posted this question and paid what happen anyway here I go again with the same problem.Here is the problem :Pringle corporation has been authorized to issue 21,000 shares of $100 par value, 8%, noncumlative preferred stock and 1,060,400 shares of no par common stock. The corporation assigned a $5 stated value to the common stock. at December 31,2014, the ledger contained the following balances pertaining to stockholders equity.preferred stock $146,900paid in capital in excess of par value preferred stock 21,480common stock 1,920,000paid in capital in excess of stated value common stock 1,723,000treasury stock -(5,160 common shares ) 56,760retained earnings 84,800The preferred stock was issued for $168,380 cash. all common stock issued was for cash. in November 5,160 shares of common stock were purchased for the treasury at a per share cost of $11. no dividends were declared in 2014.part 1: prepare the journal entries for the following. (1) issuance of preferred stock for cash (2) issuance of common stock for cash (3) purchase of common treasury stock for cash. part 2: prepare the stockholders equity section of the balance sheet at December 31, 2014.This is a 2 part problem I hope someone can help me out please I have already lost money on this problem.

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