Flounder Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 505,000 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 77,000 shares of common stock for cash at $6 per share. 1 Issued 5,800 shares of preferred stock for cash Mar. $105 per share. Apr. 1 Issued 25.000 shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $81,000. 1 Issued 76,000 shares of common stock for cash at $4.2 per share May 1 Issued 10,500 shares of common stock to attorneys in payment of their bill of $36,000 for services performed in helping the company organize Aug. Sept. 1 Nov. Issued 12,000 shares of common stock for cash at $5 per share. $112 per share. 1 Issued 3,000 shares of preferred stock for cash Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount manually.) entered. Do not indent Account Titles and Explanation Debit Credit Date Jan. 10 Cash Common Stock Paid-in Capital in Excess Par-Preferred Stock Mar. Cash Preferred Stock Paid-in Capital in Excess Par-Preferred Stock Land Ap. Common Stock Par-Preferred Stock Paid-in Capital in Excess ay Cash Common Stock Paid-in Capital in Excess Par-Preferred Stock Organization Expense Aug. 1 Common Stock Paid-in Capital in Excess of Par-Preferred Stock Sept. 1 Cash Common Stock Paid-in Capital in Excess of Par-Preferred Stock Nov. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) FLOUNDER CORPORATION Balance Sheet (Partial) Open Show Work Click if you would like to Show Work for this