Delong Corporation was organized on January 1, 2017. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were complete during the first year. Jan. 10 issued 80,000 shares of common stock for cash at $4 per share. Mar 1 Issued 5,000 shares of preferred stock for cash at $105 share. Apr 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $ 85,000. May 1 Issued 80,000 shares of common stock for cash at $4.50 per share. Aug 1 Issued 10,000 shares of common stock attorneys in payment of their bill of $30,000 for services performed in helping the company organize. Sep 1 Issued 10,000 shares of common stock for cash at $5 per share. Nov 1 Issued 1.000 shares of preferred stock for cash at $109 per share. Journalize the transactions. Post to the stockholders' equity accounts(Use J5 as the posting reference) Prepare the paid-in capital section of stockholders' equity at December 31, 2017