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P11-2 Crystal Clear Electronics Inc. was incorporated on January 1, 2019 und was authorized under its charter to issue the following stock - 20.000 unlimited number of no par-value, voting common stock, stated value cumulative, non-voting. 5% preferred stock, stated value $5, and an $1 Required: 1. Prepare journal entries to record the following 2019 transactions a. Issued 3,000 shares of preferred stock for cash on January 2 b. Issued 2,000 shares of common stock on January 2 in retum legal services related to incorporation C. Issued 5,000 shares of preferred stock for cash on January 12 d. Issued 1,000 shares of common stock for cash on August e Issued shares of preferred stock for land valued at $25.000 December 15 1. Declared a cash dividend of $3,000 2. Prepare the stockholders' equity section of the balance sheets December 31, 2019 and the related note to the financial statements. Assume net income for the year was $10,000 3. On December 15, 2020, the shares of common stock were for 1. On December 31, a cash dividend of $4,000 was decland Assuming no other transactions occurred during 2020, presente statement of changes in equity for the years ended December 2019 and 2020. Assume net income for 2020 was $20.000 CHAPTER ELEINE