"Exercise 15-2 Culver Corporation was organized on January 1 2017. It is authorized to issue 11 000 shares of 8% $100 par value preferred stock and 535 600 shares of no-pa com mon stock ithas ated al eo S stock transactions were completed during the first year Jan. 10 Issued 80,370 shares of common stock for cash at $6 per share. Mar. Issued 5,570 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,250 shares of common stock for land. The asking price of the land was91,730; the fair value of the land was $80,370. May 1 Issued 80,370 shares of common stock for cash at $8 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $54,600 for services rendered in helping the company organize. Sept. 1 Issued 11,000 shares of common stock for cash at $10 per share. Nov. 1 Issued 1,100 shares of preferred stock for cash at $115 per share. ers are The follo ng Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when amont is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) DateAccount Titles and Explanation Debit Credit