Question 4 View Policies Current Attempt in Progress Blue Spruce Corporation was organised on January 1, 2020. It is authorized to sue 12.000 chares of an. 8100 por value preferred stock, and 462.000 shares of no par common stock with a stated value of pershare. The following stock transactions were completed during the first yea Jan. 10 Issued 77.000 shares of common stock for cash at $6 per share Mar. 1 Issued 5.500 shares of preferred stock for cash at $110 per share Apr 1 wed 25.000 shares of common stock for land. The asking price of the land was 88.000. The fair value of the land was $84,000 May 1 Isued 76,500 shares of common stock for cash at $5.25 per share AE 1 Issue 12.000 sures of common stock tow ers in payment of the Nilo $44.000 for services performed in helping the company organi Sept losurd 12.000 shares of common stock for cash at 87 per share Now 1 l ed 3.000 shares of preferred Mock for chat 5112 per share