Culver Corporation was organized on January 1, 2022. It is authorized to issue 12,500 shares of 8%, $ 100 par value preferred stock, and 477,000 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 Mar. 1 Apr 1 May 1 Issued 80,500 shares of common stock for cash at $ 4 per share. Issued 4,550 shares of preferred stock for cash at $ 105 per share. Issued 24,500 shares of common stock for land. The asking price of the land was $ 92,500. The fair value of the land was $ 85,000 Issued 80,000 shares of common stock for cash at $ 5.00 per share. Issued 10,000 shares of common stock to attorneys in payment of their bill of $ 44,500 for services performed in helping the company organize. Issued 11,500 shares of common stock for cash at $ 7 per share. Issued 2,500 shares of preferred stock for cash at $ 114 per share. Aug 1 Sept 1 Nov. 1 = UCCOUNC treure un menu wien muur senere. Det menu Date Account Titles and Explanation Debit Credit Mar. 1 Cash 477750 Preferred Stock 45500 Pald-in Capital in Excess of Par-Preferred Stock 22751 Aur 1