The shareholders' equity section of Sweet Acacia Corporation at January 1, 2024, included the following: (a) Record the journal entries required for the transactions of Sweet Acacia Corporation for the fiscal year ended December 31 , 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) 1. Paid $5,700 cash and issued 1,500 common shares to the company's lawyers for legal services rendered valued at $29,000. 2. Sold an additional 1,500 shares of $1.25 preferred shares for cash of $19 per share. 3. Exchanged an additional 7,500 shares of $1.25 preferred shares for land. The asking price for the land was $134,000 and the fair market value of the land at the date of the exchange was $127,000. 4. Issued 1,000 common shares in exchange for a patent that had a fair market value of $15,000 and a useful life of 5 years