Delong Corporation was organized on January 1, 2020. It is authorized to issue 10.000 shares of share. The following stock transactions were completed during the first year $100 per value preferred stock, and S00.000 shares of no-partonon stock wth a stated value of per lan, 10 l ed 80.000 shares of women stock for cash at 54 per share Mar. 1 d5,000 shares of preferred stock for cash at $105 per share. Apr. 1 Issue 24,000 shares of common stock for land. The king price of the land was $20,000. The fair value of the land was $85,000 May 1 Issued 0,000 shares of common stock for cash at $4.5 per share Aug. 1 s d 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for wres performed in helping the company organize Sept. 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 S109 per share Toumalize the transactions. (Hecord journal entries in the order presented in the problem. Cred count them are automatically Indented when amount antered. Do not indent manually) Date Account Titles and Explanation