Instructions A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par preferred stock, and 100,000 shares of $3 par common stock The following selected transactions were completed during the first year of operations: Jan. 3 31 Issued 15,000 shares of common stock at $23 per share for cash Feb. 24 Mar. 15 Required: Issued 200 shares of common stock to an attorney in payment of legal fees for organizing the corporation. The value of the stock at the time of payment was $25 per share. Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000, $120,000, and $45,000 respectively. Issued 2,000 shares of preferred stock at $56 for cash. alien the Dates to the Chastalanten af anunt Man