Pell Corporation was organized in January 2020 with $9.00 par value common stock. On February 1, 2020, shares were issued at par for cash. On March 1, 2020, the corporation's attorney accepted 8,000 shares of common stock in settlement for legal services with a fair value of $100,000. Additional paid-in capital (not total equity) would increase on February 1, 2020 March 1, 2020