Acme Corporation received its corporate charter on January 1,2021 . The charter included authorization to issue 800,000 shs of \$2 par value common stock. The following stock related transactions occurred during 2021. 10-Jan Issued 100,000sh of common stock for cash at \$5 per share. Required: 1-Apr Issued 20,000sh of common stock for land with a FMV of $65,000. 1) Journalize the transactions 1-May Issued 50,000 sh of common stock for cash at $6.50 per share. 2) Post to the ledger accounts 1-Aug Issued 4,000sh of common stock to attorneys in payment of their bill 3) Prepare a stockholder's for $18,000 for services provided in organizing the corporation. equity section. 1-Sep Issued 16,000sh of common stock for cash at $7.00 per share. 31-Dec Closed Income Summary into Retained Earnings. Net income for the year was $350,000