P11-1B Mendoza Corp was organized on JAN 1, 2017. It is authorized to issue 20,000 shares of 6%, $40 par value preferred stock, and 500,000 shares of ro-par common stock with a stated value of $2 per share. These stock transactions were completed during the first year Jan10 Issued 100,000 shares of common stock for cash at $3 per share Mar 1 Issued 10,000 shares of preferred stock for cash at $55 per share. Apr 1 Issued 25,000 shares of common stock for land. The asking price of the land was May1 Issued 75 000 shares of common stock for cash at $4 per share Aug.1 Issued 10,000 shares of common stock to attorneys in payment of their bill for Sept 1 Issued 5,000 shares of common stock for cash at $6 per share Nov.1 Issued 2,000 shares of preferred stock for cash at $60 per share. $90,000 The company's estimate of fair value of the land was $75,000 $50,000 for services performed in helping the company organize (b) Post to the stockholders' equity accounts. Working Papers Below PROBLEM 11-1B (Working Papers) Jan 10 CoN Jan Apr Mar 01 Aug ept Apr 01