Need help figuring out the two July 1st balances for preferred stock.

Exercise 13-09 a-b (Video) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Your answer is correct. mually Steven atly wende Journalire the transactions. (Record journal entries in Credit Date reb, 1 Account Titles and Explanation Cash | Preferred Stock 1 Paid in Capital in Excess of Par-Preferred Stoc July 1 Cash | Preferred Stock 1 Paid in Capital in Excess of Par-Preferred Stock Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref. Debit Credit Balance Feb. 1 1000000 1000000 July 1 600000 600000 mudy Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance Feb. 1 60000 60000 July 1 84000 84000