Problem 13-01A a-c 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 stated value of $3 per share. The following stock transactions were completed during the first year. 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 $88,000. 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 organize. 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. Date Account Titles and Explanation Debit Credit Cash 462000 Jan. 10 Common Stock 231000 Paid-in Capital in Excess of Par-Preferred Stock 231000 609000 Mar. 1 Cash Preferred Stock 580000 Paid-in Capital in Excess of Par-Preferred Stock 29000 Apr. 1 Land 81000 Common Stock 50000 Paid-in Capital in Excess of Par-Preferred Stock 31000 May 1 Cash Common Stock Paid-in Capital in Excess of Par-Preferred Stock Aug. 1 Organization Expense Common Stock Paid-in Capital in Excess of Par-Preferred Stock Sept. 1 Cash Common Stock Paid-in Capital in Excess of Par-Preferred Stock Nov. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 11111171111111i11 Prepare the paid-in capital section of stockholders' equity 31, 2020. (Enter the account name only and do not p descriptive information provided in the question.) FLOUNDER CORPORATION Balance Sheet (Partial) Open Show Work Click if you would like to Show Work for this