Blue Spruce Corporation 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 Issued 84,500 shares of common stock for cash at $6 per share. Mar. 1 Apr. 1 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. May 1 Issued 84,000 shares of common stock for cash at $5.00 per share. Aug. 1 Sept. 1 Nov. 1 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. Date Account Titles and Explanation Jan. 10 Cash Common Stock: Paid-in Capital in Excess of Stated Value-Common Stock Mar. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Apr. 11 v Land Common Stock Search Debit 507,000 565,500 91,000 Credit 253.500 253.500 515,000 50.500 70.500 6 nng: May 1 Common Stock Paid-in Capital in Excess of Stated Value-Common Stock v cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Aug. 1 Organization Expense Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Sent 1 Cash Search 420,000 11.7/40 70.500 20.500 252,000 168.000 80.500 34,500 80.500 9.500 Question 11 of 17 Sept. 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Nov. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 80.500 222,000 11.7/40 34,500 46,000 200,000 22.000 02:3 Post to the stockholders' equity accounts. (Pest entries in the order of journal entries presented in the previ Preferred Stock 2 e # 3 S Common Stock Q Seach 89 6 6 & 4 5 6 7 8 9 A W S E R T D LL Y U A G H L Z X C V B N M ery way at 0 0 K L v Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Save for Later > Atte ng 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.) BLUE SPRUCE CORPORATION Balance Sheet (Partial) Search $ Save for Later Attempts: 0 of 4 used Submit