The partners who own Liard Rafts Co. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Liard Rafts. Inc. The charter from the state of Nevada authorizes the corporation to issue 130.000 shares of $10 par common stock. In its first month. Liard Raft completed the following transactions: Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Jan 6: Issued 200 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $4,000. Debit Organization Expense. Jan 9: Issued 5.000 shares of common stock to Lou Liard and 15.000 shares to Larry Liard in return for cash equal to the stock's market value of $22 per share. The two men were partners in Liard Rafts Co. Jan 26: Issued 1.500 shares of common stock for $18 cash per share. balance sheet at January 31, 2015. The ending balance of Retained Earnings balance is $80,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Prepare the stockholders' equity section of the Liard Rafts. Inc. balance sheet at January 31, 2015. The ending balance of Retained Earnings balance is $80,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.)