57.56/74 E Question 18 of 19 View Policies Show Attempt History Current Attempt in Progress Blossom Company was organized on January 1, 2022. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 450,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year Jan 10 Mar. 1 Apr 1 May 1 Issued 84,500 shares of common stock for cash at $6 per share, Issued 5,150 shares of preferred stock for cash at $110 per share. Issued 23,500 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $81,500 Issued 84,000 shares of common stock for cash at $5.00 per share, Issued 10,000 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Issued 11,500 shares of common stock for cash at $7 per share. Issued 2,000 shares of preferred stock for cash at $111 per share. Aug 1 Sept. 1 Nov. 1 (c) Your answer is partially correct. Prepare the paid in capital section of stockholders' equity at December 31, 2022. Enter the account name only and do not provide the descriptive information provided in the question.) Blossom Company Balance Sheet (Partial) Common Stod 340500 UN Preferred to 715000 1355500 Common Stock 487998 Preferred Stock 73500 561498 1916998 e Textbook and Media List of Accounts Save for later Attempts: 1 of 10 used Submit