Tidal Corporation was organized on January 1, 2017. It is authorized to issue 20,000 shares of 6%, exist50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of exist1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 70,000 shares of common stock for cash at exist4 per share Mar 1 Issued 12,000 shares of preferred stock for cash at exist53 per share. May 1 Issued 120,000 shares of common stock for cash at exist6 per share. Sept. 1 Issued 5,000 shares of common stock for cash at exist5 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at exist56 per share. (a) Journalize the transactions. (b) Post to the stockholders' equity accounts. (Use T-accounts.) (c) Prepare the paid-in capital portion of the stockholders' equity section at December 31 2017