P12-1A Hayslett Corporation was organized on January 1, 2008. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 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 $90,000.The fair market value of the land was $85,000. May 1 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 of $50,000 for services provided in helping the company organize. 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 $58 per share. Journalize the transactions. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2. If amounts Date Account / Description Debit Credit Jan. 10 $ $ $ Mar. 1 $ $ $ Apr.1 $ $ $ May 1 $ $ $ Aug. 1 $ $ $ Sept. 1 $ $ $ Nov. 1 $ $ $ Post to the stockholders' equity accounts. (Use J1 as the posting reference.) (If answer is zero, please enter 0. Do not leave any fields blank.) Preferred Stock Date Explanation Ref. Debit Credit Balance Mar. 1 J1 Nov. 1 J1 Common Stock Date Explanation Ref. Debit Credit Balance Jan. 10 J1 Apr. 1 J1 May 1 J1 Aug. 1 J1 Sept. 1 J1 Paid-in Capital in Excess of Par Value - Preferred Stock Date Explanation Ref. Debit Credit Balance Mar. 1 J1 Nov. 1 J1 Paid-in Capital in Excess of Stated Value - Common Stock Date Explanation Ref. Debit Credit Balance Jan. 10 J1 Apr. 1 J1 May 1 J1 Aug. 1 J1 Sept. 1 J1 Complete the paid-in capital section of stockholders' equity at December 31, 2008. (List entries by the format used in the text.) HAYSLETT CORPORATION Stockholders' equity Paid-in capital , $ par value, shares authorized, shares issued and outstanding $ , $ stated value, shares authorized, shares issued and outstanding Total capital stock $ Total additional paid-in capital Total paid-in capital $