Question 10 of 13 < View Policies Show Attempt History Current Attempt in Progress Que 1.67/5 i Ac Grouper Corporation was organized on January 1, 2022. It is authorized to issue 15.000 shares of 8%, $100 par value preferred stock, and 549,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Que Acce Que Que A Jan 10 Issued 75.500 shares of common stock for cash at 56 per share. Mar 1 Issued 5.950 shares of preferred stock for cash at $110 per share. Qu A 1 Issued 24,500 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land was $83,000 May Issued 80,000 shares of common stock for cash at $4.25 per share, Aug Sept Nov 1 Issued 2.500 shares of preferred stock for cash at $114 per share Issued 10,000 shares of common stock to attorneys in payment of their bill of $45,000 for services performed in helping the company organize Issued 10.500 shares of common stock for cash at $7 per share Qu Am Ac Q- A (a) V Q