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Coastal Publishing was recently organized as a corporation. The company issued common stock to an attorney who provided legal services worth $25,000 to help with the incorporation. Coastal also issued common stock to an inventor in exchange for her patent with a market value of $75.000. In addition, Coastal received cash both for the issuance of 10,000 shares of its preferred stock at $100 per share and for the issuance of 21,000 of its common shares at $5 per share. During the first year of operations, Coastal earned net income of $50,000 and declared a cash dividend of $28,000. Read the requirement. Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions. Complete the table below by selecting the transactions that result in paid-in capital and then enter the amounts to calculate total paid-in capital for the period. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Transaction Paid-in capital Total paid-in capital Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions. Print Done