Joanjim Corporation was organized on January 1, 2012. It is authorized to issue 20,000 shares of 6%, $40 par value preferred stock, and 500,000 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 100,000 shares of common stock for cash at $3 per share. Mar 1 - Issued 10,000 shares of preferred stock for cash at $55 per share. Apr 1 - Issued 25,00 shares of common stock for land. The asking price of the land was $90,000. The company's estimate of fair value of the land was $75,000. May 1 - Issued 75,000 shares of common stock for cash at $4 per share. Aug 1 - Issued 10,000 shares of common stock to attorneys in payment of their bill for $50,000 for services provided in helping the company organize. Sept 1 - Issued 5,000 shares of common stock for cash at $6 per share Nov 1 - Issued 2,000 shares of preferred stock for cash at $60 per share (a) Journalize the transactions (b) Post to the stockholders' equity accounts (c) Prepare the paid-in capital section of stockholder's equity at December 31, 2012