Larkspur, Inc. was organized on January 1, 2022. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 505,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were.completed during the first year. Issued 77,000 shares of common stock for cash at $6 per share. Jan. 10 Mar. 1 Issued 5,800 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $81,000. May 1 Issued 76,000 shares of common stock for cash at $4.25 per share. Aug 1 Sept. 1 Issued 10,500 shares of common stock to attorneys in payment of their bill of $36,000 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at $112 per share. (a) Your answer is correct. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 10 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Apr. 11 Land Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Debit Credit 462000 609000 81000 231000 231000 580000 29000 75000 6000 Paid-in Capital in Excess of Stated Value-Common Stock May 1 Cash. Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Aug. 1 Organization Expense Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Sept. 1 v Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Nov. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 323000 36000 60000 336000 6000 228000 95000 31500 4500 36000 24000 300000 36000 Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Mar. 1 Nov.1 Dec. 31 Bal. Paid-in Capital in Excess of Par-Preferred Stock Mar. 1 Nov.1 580000 300000 880000 29000 36000 Dec. 31 Bal. 65000 Common Stock Jan. 10 231000 Apr. 1 75000 May 1 228000 Jan. 10 231000 Apr. 11 75000 May 1 228000 Aug. 1 31500 Sept. 1 Dec. 31 Bal. Paid-in Capital in Excess of Stated Value-Common Stock Jan. 10 Apr. 1 36000 601500 231000 6000 May 1 95000 Aug. 1 4500 Sept. 1 24000 Dec. 31 Bal. 360500 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.) Larkspur, Inc. Balance Sheet (Partial) December 31, 2022 $