Riverbed Corporation was organized on January 1, 2020. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 535,600 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. Issued 80,370 shares of common stock for cash at $6 per share. 10 Mar. Issued 5,570 shares of preferred stock for cash at $110 per share. 1 Apr. 1 Issued 24,250 shares of common stock for land. The asking price of the land was $91,730; the fair value of the land was $80,370. May Issued 80,370 shares of common stock for cash at $8 per share. Aug. 1 Sept. Issued 11,000 shares of common stock to attorneys in payment of their bill of $54,600 for services rendered in helping the company organize. Issued 11,000 shares of common stock for cash at $10 per share. 1 Nov. Issued 1,100 shares of preferred stock for cash at $115 per share. 1 Jan. 10 v Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Mar. 1 v Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Apr. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock May 1 v Cash Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock Aug. 1 v Sept. 1 v Nov. 1 v