Instructions Willow Creek Nursery, with an authorization of 78,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the close of the day follows: Willow Creek Nursery UNADJUSTED TRIAL BALANCE ACCOUNT TITLE Cash Land Buildings Preferred 1% Stock, $80 par Paid-In Capital in Excess of Par-Preferred Stock October 1, 20-- DENIT CREDIT 3,867,500.00 852,000.00 1,814,000.00 2,480,000.00 186,000.00 Common Stock, $30 par 3,570,000.00 Paid-In Capital in Excess of Par-Common Stock 297,500.00 Totals 6,533,500.00 6,533,500.00