Use the following information to answer the question below. When Jones Industry was formed on January 1, 2020, the corporate charter provided for 50,000 shares of $20 par value common stock. The company engaged in by the following transactions in January: 1. The corporation issued 200 shares of stock to its lawyer in full payment of the $5,000 bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 8,000 shares of stock at a price of $25 per share. 3. The company issued 7,000 shares of stock in exchange for equipment that had a fair market value of $160,000. Post The entries for #1, 2, 3The entry to record transaction 1 is