Flounder Corp. was organized on January 1,2025. It is authorized to issue 21,500 shares of 5%, 550 par value preferred stock. and 455,000 shares of no-par common stock with astated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 67,500 shares of common stock for cash at $5 per share. Mar. 1 Issued 14.500 shares of preferred stock for cash at $52 per share. May 1 Issued 112.500 shares of common stock for cash at $7 per share. Sept. 1 issed 4,500 shares of common stock for cash at $6 per share Nov, 1 Issued 2500 shares of preferred stock for cash at 555 per share. 767500 CommonStock Paid in Capital in Excess of Stated Value Cornmon Stock 27000 Common Seock Paid-iriCapitar in Excess of Stated Value-Cominon Stock Preferredstock 137500 Paid in Caphat in Excess os Par Preferred Stock Post to the stockholders' equity accounts. (Post entries in the order of joumal entries posted in the previous part) Paid-in Capital in Excess of Stated Value-Common Stock