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Bridgeport Corporation was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock and 504,000 shares

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Bridgeport Corporation was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock and 504,000 shares of no par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan 10 Mar 1 Apr. 1 May 1 Issued 85,000 shares of common stock for cash at $4 per share. issued 5,150 shares of preferred stock for cash at $110 per share. Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84.000 Issued 78.000 shares of common stock for cash at $525 pershare. Issued 11.000 shares of common stock to attorneys in payment of their bill of $43.000 for services performed in helping the company organize. Issued 12.000 shares of common stock for cash at $7 per share. Issued 1,000 shares of preferred stock for cash at $113 per share. Aug 1 Sept. 1 . 1 Prepare the pald-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) BRIDGEPORT CORPORATION Balance Sheet (Partial)

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