Sarasota Corporation was organized on January 1,2022 . It is authorized to issue 14.500 shares of 8%,$100 par value preferred stock, and 533,000 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 78,000 shares of common stock for cash at $6 per share. Mar. 1 Issued 4,750 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $87,000 May 1 Issued 76,500 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $42,000 for services performed in helping the company organize. Sept. 1 issued 11,500 shares of common stock for cash at $5 per share. Nov. I Issued 1,500 shares of preferred stock for cash at $108 per share. (a) Journalize the transactions. (List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Credit occount tities are outomatically indented when amount is entered. Do not indent manually.) Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous po Prepare the paid-in capital section of stockholders' equity at December 31,2022. (Enter the account name only and do not provide the descrintive informatinn nravided in the aniactinn