Problem 13-01A a- Flounder Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 505,000 shares of no-par common stock with a Jan. 10 Issued 77,000 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,800 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $80,000. The fair value of the land was $81,000. May 1 Issued 76,000 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 10,500 shares of common stock to attorneys in payment of their bill of $36,000 for services performed in helping the company organe Sept. 1 Issued 12,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at $112 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not Date Account Titles and Explanation Debit Credit tudy RI SE CALCULATOR orized to issue 14,000 shares of 8%, $100 per we preferred stock and SOS,000 shares of no-ar common stock with a wated value of 33 per share. The following weck transactions were completed during the first year or share. per share ng price of the land was $80,000. The fail va of the land was $81.000 per share wyment of their bill of $36,000 for services performed in helping the company organize share. er share. er presented in the pribl. Credit on titles are automatically indented when amounteed. Be not indent manually.) Debit Credit RI 8:22 PM 7/28/2020 Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Common Stock > > > > > Paid-in Capital in Excess of Stated Value-Common Stock > SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not provide the descriptive FLOUNDER CORPORATION Balance Sheet (Partial) $ $ V $ Click if you would like to Show Work for this question: Qen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT HE