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Problem 13-01A a-c Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan, 10 Issued 80,000 shares of common stock for cash at $4 per share, Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share. Apr 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000 May 1 Issued 80,000 shares of common stock for cash at $4,5 per share Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share. Post to the stockholders' equity accounts. (Post entries in the order of journal entries preser Preferred Stock 4 + Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 3 Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account nam provided in the question.) DELONG CORPORATION Balance Sheet (Partial) IN $

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