DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 475,000 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		Issued 84,500 shares of common stock for cash at $4 per share.
Mar.	1		Issued 4,050 shares of preferred stock for cash at $110 per share.
Apr.	1		Issued 24,000 shares of common stock for land. The asking price of the land was $88,500. The fair value of the land was $83,500.
May	1		Issued 83,000 shares of common stock for cash at $5.25 per share.
Aug.	1		Issued 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize.
Sept.	1		Issued 11,500 shares of common stock for cash at $5 per share.
Nov.	1		Issued 2,500 shares of preferred stock for cash at $111 per share.

Journalize the transactions. (Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit Post to the stockholders' equity accounts. (Post entries in the order of jou Preferred Stock Date Explanation Ref. Debit Credit Balance Common Stock Date Explanation Ref. Debit Credit Balance Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance Pald-in Capital in Excess of stated Value-Common Stock Date Explanation Ref. Debit Credit Balance Prepare the paid-in capital section of stockholders' equity at December 31, 2017. (Enter the accoui DELONG CORPORATION Balance Sheet (Partial) Additional Paid-in Capital Capital Stock Current Assets Current Liabilities Expenses Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Paid-in Capital Property, Plant and Equipment Revenues Stockholders' Equity Total Additional Paid-in Capital Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Expenses Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Revenues Total Stockholders' Equity Rights