Nash Corporation was organized on January 1, 2020. It is authorized to issue 10,400 shares of 8%, $ 100 par value preferred stock, and 534,200 shares of no-par common stock with a stated value of $ 1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,700 shares of common stock for cash at $ 7 per share. Mar. Issued 5,960 shares of preferred stock for cash at $ 112 per share. 1 Apr. Issued 24,550 shares of common stock for land. The asking price of the land was $ 91,460; the fair value of the land was $ 80.700. 1 May 1 Issued 80,700 shares of common stock for cash at $ 9 per share. Aug. 1 Issued 10,400 shares of common stock to attorneys in payment of their bill of $ 53,000 for services rendered in helping the company organize. Sept. 1 Issued 10,400 shares of common stock for cash at $ 11 per share. Nov. Issued 990 shares of preferred stock for cash at $ 114 per share. 1 Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when amount is entered. Do