JETE 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: 101,2 (50 MIN) Paid-In Capital Preferred Stock, $98 pat authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value Preferred Stock Common Stock, $27 par, authorized 49,000 shares, 17.000 shares issued Paid-In Capital in Excess of Par ValueCommon Stock Total Paid-In Capital $441,000 115,000 459,000 165,000 $1,180,000 Check Figure: (2) Total Paid-In Capital $2,82 The following transactions occurred in the months of June and July. 201x June Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at $48 per share. 15 Issued 7,800 shares of common stock at $42 per share. July 2 Issued 4,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fair market value of $62,000 and 554,000, respectively, JETE 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: 101,2 (50 MIN) Paid-In Capital Preferred Stock, $98 pat authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value Preferred Stock Common Stock, $27 par, authorized 49,000 shares, 17.000 shares issued Paid-In Capital in Excess of Par ValueCommon Stock Total Paid-In Capital $441,000 115,000 459,000 165,000 $1,180,000 Check Figure: (2) Total Paid-In Capital $2,82 The following transactions occurred in the months of June and July. 201x June Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at $48 per share. 15 Issued 7,800 shares of common stock at $42 per share. July 2 Issued 4,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fair market value of $62,000 and 554,000, respectively