Rolman Corporation is authorized to issue 1,000,000 shares of $5 par value common stock. In its first year, the company has the following stock transactions. Jan. 10 Issued 400,000 shares of stock at $8 per share. July 1 Issued 100,000 shares of stock for land. The land had an asking price of $900,000. (a) Journalize the transactions. (b) Prepare the stockholders' equity section assuming the company had retained earnings of $200,000 on December 31