Carnegie Corp. was organized in January 2018. The state authorized 200,000 shares of no-par common stock and 100,000 shares of 10%, $10 par, preferred stock. On 3/8/18, Carnegie Corp. issued 8,000 shares of preferred stock for a piece of land appraised at $90,000. At that date, the preferred stock was selling at $15 per share on the market. Prepare the journal entry needed for 3/8/18