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Belton, Inc. had the following transactions in 2018, its first year of operations: Issued 39,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $27.00 per share. Earned net income of $71,000. Paid no dividends. At the end of 2018, what is the total amount of paid - in capital? O A. $1,053,000 OB. $39,000 O C. $71.000 OD. $1,124,000 On January 1, 2018, Turner Corporation signed an $80,000, eight-year, 7% note. The loan required Turner to make payments annually on December 31 of $10,000 principal plus interest. 1. Journalize the issuance of the note on January 1, 2018. 2. Journalize the first payment on December 31, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry) Journalize the issuance of the note on January 1, 2018 Date Accounts and Explanation Debit Credit Jan. 1 Journalize the first payment on December 31, 2018 Date Accounts and Explanation Debit Credit Dec. 31