Cullumber Corporation was organized on January 1, 2020. It is authorized to issue 9,400 shares of 8%, $100 par value preferred stock, and 537,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,740 shares of common stock for cash at $6 per share. Mar. Issued 5,980 shares of preferred stock for cash at $109 per share. 1 Apr. 1 Issued 24,200 shares of common stock for land. The asking price of the land was $90,970; the fair value of the land was $80,740. Issued 80,740 shares of common stock for cash at $9 per share. Issued 9,400 shares of common stock to attorneys in payment of their bill of $48,600 for services rendered in helping the company organize. May 1 Aug 1 Sept. 1 Nov. Issued 1,080 shares of preferred stock for cash at $118 per share. 1 Issued 9,400 shares of common stock for cash at $11 per share. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit