Tidwell 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. Issued 70,000 shares of common stock for cash at $4 per share. Issued 12,000 shares of preferred stock for cash at $53 per share. Issued 120,000 shares of common stock for cash at $6 per share. Issued 5,000 shares of common stock for cash at $5 per share. Issued 3,000 shares of preferred stock for cash at $56 per share. Journalize the transactions. Post to the stockholders' equity accounts. (Use T-accounts.) Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2014