CES FANTLA VERSION CACE Problem 13-01A - Blue Spruce Corporation was organized on January 1, 2020. It is authorized to issue 14.500 shares of 8% $100 par value preferred stock, and 450,000 shares of so-per common stock with a stated value of 5) per share. The following stock transactions were completed during the first year Jan 10 Issued 84,500 shares of common stock for cash as per share Mar. 1 Issued 5,150 shares of preferred stock for cash at $110 per share Apr. 1 Issued 23,500 shares of common stock for land. The asking price of the land was 591,000. The fair value of the land was 581,500 May 1 trued 84,000 shares of common stock for cash at $5.00 per share Aug. 1 trued 10,000 shares of common stock to attorneys in payment of the bill of $39.500 for services performed in helping the company organe Sept 1 Issued 11,500 shares of common stock for cash 57 per share Now 1 Issued 2,000 shares of preferred stock for ca 5111 per share Journalue the transactions. (Record journal entries in the order presented in the problem. Credit account tes are automatically indested when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit + MAY Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock > Common Stock . 41 . 4 4 Paid-in Capital in Excess of Par-Preferred Stock . Paid-in Capital in Excess of Stated Value-Common Stock . . Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not provid BLUE SPRUCE CORPORATION Balance Sheet (Partial) $ + $ Click if you would like to Show Work for this question: Open Show Work