On Feb. 27th, 2020, Bryan Corp issued 25,000 shares of its $10 par value stock and 5,000 shares of its $50 par value preferred stock in exchange for Land worth $600,000 and organizational expenses worth $25,000. On this date, the common stock was selling for $12 per share. Prepare the journal entry to record the transaction. Land 600,000 Organization expense 25,000 Common stock 250,000 Prefered common stock 250,000 Paid in capital in excess of par, common stock 125,000

What i have is:

Land	600,000
Organization expense	25,000
Common stock		250,000
Prefered common stock		250,000
Paid in capital in excess of par, common stock		125,000