Sheffield Corporation was organized on January 1, 2020. It is authorized to issue 10.600 shares of 8%, $100 par value preferred stock, and 539,800 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Issued 80,430 shares of common stock for cash at $7 per share. Jan. 10 Mar. 1 Apr. 1 May 1 Issued 5,900 shares of preferred stock for cash at $111 per share. Issued 24.560 shares of common stock for land. The asking price of the land was $90.630; the fair value of the land was $80.430. Issued 80.430 shares of common stock for cash at $9 per share. Issued 10,600 shares of common stock to attorneys in payment of their bill of $54.500 for services rendered in helping the company organize. Issued 10,600 shares of common stock for cash at $11 per share. Issued 920 shares of preferred stock for cash at $116 per share. Aug 1 Sept. 1 Nov. 1 Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit