Blue Spruce Corporation was organized on January 1, 2020. It is authorized to issue 14,500 shares of 8%.100 par value preferred stock, and 450,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. an. 10 Issued 84,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,150 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23,500 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $81,500 May 1 Issued 84,000 shares of common stock for cash at $5.00 per share Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill o $39,500 for services performed in helping the company organize Sept. Issued 11,500 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $111 per share. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Mar. 1 Nov. 1 Bal. 715 Common Stock an. 10 Apr. 1 May 1 Sept. 1 2535 7050 2520 34500 Bal. 610500 Paid-in Capital in Excess of Par-Preferred Stock Mar. 1 51 Nov. 1 7350 Stock 253000 Paid-in Capital in Excess of Stated Va an. 10 Apr. 1 May 1 Sept. 1 Nov. 1 16800 950 Your answer is incorrect. Try again. Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) BLUE SPRUCE CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question: Oeen Show Work By accessing this Question you will learn while you earn points based on the Point Potential Policy set by your in t structor