Cash and Noncash Share Issuances Chavoy Corporation was organized on july 1. The company's charter authorizes 100,000 shares of $1 par value common stock. On August 1, the attorney who helped organize the corporation accepted 1,280 shares of Chavoy common stock in settlement for the services provided. (The services were valued at $15,360.) On August 15, Chavoy issued 8,000 common shares for $120,000cash. On October 15, Chavoy issued 4,800 common shares to acquire a vacant land site appraised at $76,800. Determine the financial statement effect of the stock issuances on August 1, August 15 , and October 15