Culver Inc. was organized on January 1, 2023. It is authorized to issue an unlimited number of common shares and 106,000 preferred shares with a $6 dividend. The following share transactions were completed during the first year: Jan. 10 Issued 215,000 common shares for cash at $25 per share. Mar. 1 Issued 18,000 preferred shares for cash at \$118 per share. Apr. 1 Issued 3,000 common shares for land. The asking price for the land was $67,000; its fair value was $61,100. May 1 Issued 21,900 common shares for cash at \$16 per share. Aug. 1 Issued 1,100 common shares to lawyers in payment of their bill of $18,700 for services rendered in helping the company incorporate. Sept. 1 Issued 34,000 common shares for cash at \$15 per share. Nov. 1 Issued 1,600 preferred shares for cash at \$125 per share. Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit