5. Vaden Corporation is authorized to issue 50,000 shares of $3 par value common stock. During 2020, Vaden engaged in the following transactions: 3/1/20 Issued 3,000 shares of stock to attorneys in payment of a bill for $40,000 for services rendered in helping the company to incorporate. 5/1/20 Issued 7,000 shares of stock at $20 per share. 7/1/20 Issued 10,000 shares of stock for land. The asking price of the land was $200,000. The fair market value of the land was $185,000. Required: Prepare the journal entries to record these transactions