PROBLEMS: SET A Joumalize stock transactions, post, and prepare paid-in capital section. 1-1A Tidal Corporation was organized on January 1. 2017. It is authorized to issue shares of 6%, $50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed LO 2,4), AP during the first year Jan. 10 Issued 70,000 shares of common stock for cash at $4 per share. Mar 1 Issued 12,000 shares of preferred stock for cash at $53 per share. May 1 Issued 120,000 shares of common stock for cash at $6 per share. Sept. 1 Issued 5,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at $56 per share. GLS Instructions (a) Journalize the transactions. (b) Post to the stockholders' equity accounts. (Use T-accounts.) (c) Prepare the paid-in capital portion of the stockholders' equity section at December 31, (c) Tot. paid-in capita $1,829,000 2017