On Jan 5th, 2021, Issue 20,000 common shares at $11 each (100,000 authorized & $2 par value) to Jack Fox. On Jan 31st, 2022, Issue 5,000 shares of 4% PS (Par $100, MV $110, 50k authorized) to MXS Co., convertible to 28,000 CS shares, and 25,000 shares of CS (MV $18; 7k to Jack Fox & 18k to Julius Alter) for a lump-sum bargain price of $950,000.   What would the entry look like for both years?

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