You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,300 for attomey's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity. What is the journal entry to record these costs on March 13, assuming they are paid in cash? LO 14.1 Put your journal entries in the lines below. Be sure to follow proper journal writing rules. 9 points Journalize the transactions and calculate how many shares of stock are outstanding at August 3. Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first year, the company has the following transactions: LO 14.2 Jan. 31 Jun. 10 Aug. 31 Issued 40,000 shares at $10 share Issued 100,000 shares in exchange for land with a clearly determined value of $850,000 Purchased 10,000 shares of treasury stock at $9 per share Put your journal entries in the lines below. Be sure to follow proper journal writing rules. Number of shares outstanding (Show your work)