Problem 13-1A DeLong Corporation was organized on January 1 2017. It is authorized to issue is,000 shares of 8% $100 par value preferred stock, and S04 000 shares of no par common stock with a stated value of $2 per share. The stock transactions were completed during the first year Jan. 10 Issued 85,000 shares of common stock for cash at $4 per share Mar. 1 Issued 5,150 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 22,000 shares of common stock for land. The asking prike of the land was $90,000. The fair value of the land was $84,000. May I Issued 78,000 shares of common stock for cash at $5.25 per share. Aug. i Issued 11,000 shares of common stock to attorneys in payment of their bil of $43,000 for services performed in helping the company organize Sept. 1 Issued 12,000 shares of common stock for cash at $7 per share. Nov. -1 Issued 1,000 shares of preferred stock for cash at $113 per share Journalize the transactions. (Record journal entries io the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manualy.)