Instructions A corporation was organized on January 1 of the current year, with an authoration of 20000 shares of $12 par preferred stock, and 100.000 shares of 33 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 323 per share for cash sued 200 shares of common stock to an attomey 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, 5120,000, and $45,000 respectively shund 2.000 shares of preferred stock at $56 for cash Feb 24 Mar. 15 Required