Kingbird, Inc. was organized on January 1, 2022. It is authorized to issue 12 500 shares of 8%, $100 par value preferred stock, and 513,000 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. Issued 78,000 shares of common stock for cash at $4 per share. Mar Issued 5,750 shares of preferred stock for cash at $110 per share. Apr Issued 23,000 shares of common stock for land. The asking price of the land was $94,000. The fair value of the land was $80,500 Issued 81.500 shares of common stock for cash at 54.25 per share, Issued 10.500 shares of common stock to attorneys in payment of their bill of 542,000 for services performed in helping the company organize. Sept. Issued 11,500 shares of common stock for cash at 56 per share. Nov. Issued 3.000 shares of preferred stock for cash at $108 per share. 10 1 1 May 1 1 Aug 1 1 Prepare the paid-in capital section of stockholders' equity at December 31, 2022 (Enter the account name only and do not provide the descriptive information provided in the question.) Kingbird, Inc. Balance Sheet (Partial) $ $