please explain steps as well

apasAe CSTTOCt Alternate problem D Tempo Company received its charter on 20xx April 1, authorizing it to issue: () 10,000 shares of $ 400 par value preferred stock and (2) 100,000 shares of $20 par common stock On April 2, Tempo sold 50,000 shares of the common stock for cash at $ 80 per share, and 200 shares were issued to an attorney for services rendered in organizing the corporation. On April 3 the company issued all of its authorized shares of preferred stock for land valued at $ 1,000,000 and a building valued at $ 800,000. On April 10, the company issued 1,000 shares of common stock for cash at $ 80 per share. 1. Prepare general journal entries for these transactions. 2. Prepare the stockholders' equity section of the 20xx April 30, balance sheet. Assume retained earnings were $ 80,000