Sheffield Corporation was organized on January 1, 2022. It is authorized to issue 11,000 shares of 8%,$100 par value preferred stock, and 520,000 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 75,500 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 Issued 22,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $80,000. May 1 Issued 81,500 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 11,500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at \$6 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at \$110 per share. Preoare the oaid-in canital section of stockholders' eauitv at December 31.2022. (Enter the account name onlv and do not orovide