%) P13-37A (similar to) Question Help B-Cell Wireless needed additional capital to expand so the business incorporated. The charter rom the state of Georgia author zes B-Cell to issue 90,000 shares o 7%, S50 par value cumulat ve preferred stock and 100,000 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- Cels balance sheet at October 31, 2016. Assume B- Cell's net income for the month was $93,000. Requirement 2. Prepare the stockholders' equity section of B - Celrs balance sheet at October 31, 2016. Assume B - Cell's net income for the month was $93,000. B-Cell Wireless Balance Sheet (Partial) October 31, 2016 Stockholders' Equity i More Info Paid-In Capital common of $160,000 6 Issued 650 shares of preferred stock for $150 per share 9 Issued 14,000 shares of common stock for cash of $56,000. 10 Declared a $16,000 cash dividend for stockholders of record on Oct 20. Use a separate Dividends Payable account for preferred and common stock 25 Paid the cash dividend Total Paid-In Capital Print Done Choose from any list or enter any number in the input fields and then click Check