Concord Corporation was organized on January 1, 2022. It is authorized to issue 14,000 shares of 8%,$100 par value preferred stock, and 538,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 75,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,050 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $92,000. The fair value of the land was $87,500. May 1 Issued 83,500 shares of common stock for cash at $4.50 per share. Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $38,000 for services performed in helping the company organize. Sept. 1 Issued 11,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $109 per share. F Your answer ls partlally correct. Joumalize the transactlons. (List all debit entries before credit entries. Record journal entries in the arder presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. (b) Post to the stockholders' equlty accounts. (Post entries in the order of journal entries presented in the previous part) Preferred Stock Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-In capltal sectlon of stockholders' equity at December 31, 2022. (Enter the account name only and do not provide. the describtive information orovided in the auestion.J