Complete the following journal entries for the following corporation. The Wetland Corporation was organized on January 1, 2003. It is authorized to issue 10,000 shares of 8% no par value preferred shares and 500,000 shares of no par value common shares with a stated value of $2 per share. The following transactions were completed during the first year of operation: Jan 10 Issued 80,000 common shares for cash at $3 per share. Mar 1 Issued 5,000 preferred shares for cash at $105 per share. Apr 1 Issued 24,000 common shares for land. The asking price of the land was $90,000. The fair market value of the land was $80,000. The market value of the common shares was $3.50 per share on this date. June 20 Issued 80,000 common shares for cash at $4 per share. Aug 1 Issued 10,000 common shares to lawyers in payment of their bill of $50,000 for services rendered in helping the company incorporate. The market value of the common shares was $5 on this date. Sept 1 Issued 10,000 common shares for cash at $5 per share. Nov 1 Issued 1,000 preferred shares for cash at $108 per share