Presented below is information related to the Golden Rams Company. Prepare the journal entry to record these transactions. Golden Rams is granted a charter that authorizes the issuance of 30,000 shares of $50 par value preferred stock and 70,000 shares of no-par common stock. The Board of Directors establishes a stated value of $10 a share for the common stock. Golden Rams issued 1,000 shares of common stock to its attorneys for costs associated with starting the company. At that time, the common stock was selling at $18 per share. Golden Rams issued 10,000 shares of preferred stock are sold for cash at $75 per share. Golden Rams acquired land and building by issuing 30,000 shares of common stock. land was recently appraised at $100,000 and the building was appraised at $350, 000