Monty Corporation was organized on January 1, 2022. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 550,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Apr. 1 May 1 Issued 80,500 shares of common stock for cash at $6 per share. Issued 4,400 shares of preferred stock for cash at $105 per share. Issued 24,500 shares of common stock for land. The asking price of the land was $86,000. The fair value of the land I was $87.500. Issued 85,000 shares of common stock for cash at $4.25 per share. Issued 10,000 shares of common stock to attorneys in payment of their bill of $45,000 for services performed in helping the company organize. Issued 10,000 shares of common stock for cash at $6 per share. Issued 1,500 shares of preferred stock for cash at $115 per share. Aug. 1 Sept. 1 Nov. 1 Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock