On January $22,$ Jefferson County Rocks Inc., a marble contractor, issued for cash $40,000$ shares of $$10$ par common stock at $$34,$ and on February $27,$ it issued for cash $100,000$ shares of preferred stock, $$5$ par at $$7.$

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a$.$ Journalize the entries for January $22$ and February $27.$ If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Jan. $22$

Cash

$0$

Common Stock

$0$

Paid$-$In Capital in Excess of Par$-$Common Stock

$0$

Feb. $27$

Cash

$0$

Preferred Stock

$0$

Paid$-$In Capital in Excess of Par$-$Preferred Stock

$0$

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b$.$ What is the total amount invested $($total paid$-$in capital$)$ by all stockholders as of February $27?$