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Problem 13-01A-C Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 84, 5100 par value preferred stock, and 504,000 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 85,000 shares of common stock for cash at $4 per share. Mar 1 Issued 5,150 shares of preferred stock for cash at $110 per share. Apt. 1 Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84,000. May 1 Issued 78,000 shares of common stock for cash at $5.25 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $43,000 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $ per share Nov. 1 Issued 1,000 shares of preferred stock for cash at $113 per share. Your answer is partially correct. Try again. Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT CORPORATION Balance Sheet (Partial) December 31, 2020 Stockholders' Equity Capital Stock Preferred Stock 615,000 Common Stock 416,000 Total Capital Stock 1,030,000 Additional Pald-in Capital Common Stock 64,500 Preferred Stock 544,500 Total Additional Paid-in Capital 509,000 Total Pald-in Capital 1,640,000 Click if you would like to show Work for this question: Open Shox Work