Tidewell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of 1 per share. The following stock transactions were completed during the first year. Jan 10 Issued 70,000 shares of common stock for cash at $ 4 per share. Mar 1 Issued 12,000 shares of preferred stock for cash at $ 53 per share. Instructions: Prepare the paid-in capital section of the stockholders' equity section at December 31, 2014