CALCIRATOR PRINTER VERSION RACE Exercise 15-02 Kathleen Battle Corporation was organized on January 1, 2020. It is authorized to 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 80,000 shares of common stock for cash at $5 per share Mar. 1 Issued 5,000 shares of preferred stock for cash at $108 per share. Apr 1 Issued 24.000 shares of common stock for land. The asking price of the land was $90,000; the fair value of the land was 500,000. May 1 Issued 80,000 shares of common stock for cash at $7 per share Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $50,000 for services rendered in helping the company organion. Sept. 1 Issued 10,000 shares of common stock for cash at 39 per share Nov. 1 Issued 1,000 shares of preferred stock for cash at 5112 per share Prepare the journal entries to record the above transactions (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ir ne entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit