This problem continues the Davis Consulting, Inc. situation from Problem. Davis decides to raise additional capital for a planned business expansion by issuing 20,000 additional $ 1 par value common shares for $ 40,000 and by issuing 3,000, 6%, $ 80 par preferred shares at $ 100 per share. Assuming total stockholders’ equity is $ 18,165 and includes 100 shares of common stock and 0 shares of preferred stock issued and outstanding immediately before the previously described transactions journalize the entry related to the issuances of both common and ­preferred shares.