Bennis Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan 10- Issued 40,000 shares of common stock for cash at $3.60 per share

Mar-1 issued 5,000 shares of preferred stock for cash at $102 per share

May-1 Issued 90,000 shares of common stock for cash at $4 per share

Sept-1 Issued 10,000 shares of common stock for cash at $4.40 per share

Nov-1 issued 4,000 shares of preferred stock for cash at $103 per share.

a) Journalize the transactions

b) Post to the stockholders' equity accounts (Use T-Accounts)

c) Prepare the pain-in capital section of stockholders' equity at December 31, 2014