Indigo Corporation was organized on January 1, 2022. It is authorized to issue 19,200 shares of 7%, $50 par value preferred stock and 470,000 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 75,000 shares of common stock for cash at $5 per share. Mar. 1 Issued 1,300 shares of preferred stock for cash at $55 per share. May 1 Issued 120,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 6,000 shares of common stock for cash at $9 per share. Nov. 1 Issued 4,000 shares of preferred stock for cash at $55 per share. Date Account Titles and Explanation Debit Credit Jan. 10 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar. 14 Cash Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock May 1 Land Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Sept. 14 Nov. 1 4 Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2022. INDIGO CORPORATION Partial Balance Sheet