Delong Corporation was organized on January 1, 2017. It is authorized to issue 13,000 shares of 8%, $100 par value preferred stock, and 526,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first ear.

Jan. 10 - issued 84,500 shares of common stock for cash at $6 per share.

Mar. 1 - issued 5,150 shares of preferred stock for cash at $105 per share.

Apr. 1 - Issued 24,000 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $80,500

May 1 - Issued 83,500 shares of common stock for cash at $4.75 per share.

Aug. 1 - Issued 11,000 shares of common stock for attorneys in payment of their bill of $38,500 for services in helping the company organize.

Sept. 1 - Issued 12,000 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

a) journalize the transactions

b) post to the stockholders' equity accounts

c) Prepare the paid-in capital section of stockholders' equity at December 31, 2017