Question 1 Marigold Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 497,000 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 79,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,200 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $94,500. The fair value of the land was $83,500. May 1 Issued 79,500 shares of common stock for cash at $4.50 per share. Aug. 1 Issued 10,000 shares of common stock to attomes in payment of their bill of $42,500 for services performed in helping the company organize Sept. 1 Issued 10,000 shares of common stock for cash at 57 per share Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share Journalre the transactions. (Record journal entries in the order presented in the problem. Credit account bieles are automatically indented when amount is entered. Do not indent manually.) Date Account Thies and Explanation Debit Credit