Alexia Corporation was organized on January 1, 2012. It is authorized to issue 14,000 shares of 8%, $102 par value preferred stock, and 487,800 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 Issued 78,600 shares of common stock for cash at $6 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $109 per share. Apr. 1 Issued 22,100 shares of common stock for land. The asking price of the land was $93,600. The fair value of the land was $86,300. May 1 Issued 84,800 shares of common stock for cash at $6.70 per share. Aug. 1 Issued 10,400 shares of common stock to attorneys in payment of their bill of $42,800 for services provided in helping the company organize. Sept. 1 Issued 11,800 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,350 shares of preferred stock for cash at $108 per share. Instructions (a) Journalize the transactions. (b) Post to the stockholders equity accounts. (Use J5 as the posting reference.) (c) Prepare the paid-in capital section of stockholders equity at December 31, 2012