Problem #1 - Accounting for the Issuance of Stock: Record each of the following transactions for BULLDOG, INC. Corporation: 1. BULLDOG, INC. issues 5,000 shares of its common stock: (a) Assume the stock is $20 par-value common stock and it is sold for $20 per share. (b) Assume the stock is $20 par-value common stock and it is sold for $30 per share. 2. BULLDOG, INC. issues 500 shares of its $20 par-value common stock to its attorney in return for his help in incorporating the business. Since BULLDOG, INC. is a new company, the market value of the stock is not readily available, but the attorney's fee for this work is normally $15,000. 3. BULLDOG, INC. exchanges 2,000 shares of its $20 per-value common stock for land. On the date of the exchange, the market value of the stock was $30 per share and the land was appraised at $70,000. 4. BULLDOG, INC. issues 1,000 shares of its $30 par-value, 5% cumulative preferred stock for $35 per share