DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 450,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.

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 $110 per share.
Apr.	1		Issued 23,500 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $81,500.
May	1		Issued 84,000 shares of common stock for cash at $5.00 per share.
Aug.	1		Issued 10,000 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize.
Sept.	1		Issued 11,500 shares of common stock for cash at $7 per share.
Nov.	1		Issued 2,000 shares of preferred stock for cash at $111 per share.

Journalize the transactions.

Post to the stockholders equity accounts. (Post entries in the order of journal entries presented in the previous part.)

Prepare the paid-in capital section of stockholders equity at December 31, 2017. (Enter the account name only and do not provide the descriptive information provided in the question.)