CALCULATOR PRINTER VERSION BACK NEXT Exercise 15-2 Marin Corporation was organized on January 1, 2017, It is authorized to issue 10,600 shares of 8%, $100 par value preferred stock, and 500,200 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 80,640 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,850 shares of preferred stock for cash at $111 per share. Apr. 1 Issued 24,940 shares of common stock for land. The asking price of the land was $90,270; the fair value of the land was $80,640 May 1Issued 80,640 shares of common stock for cash at $9 per share. Aug. 1 Issued 10,600 shares of common stock to attorneys in payment of their bill of $50,500 for services rendered in Sept. 1 Nov. 1 helping the company organize. Issued 10,600 shares of common stock for cash at $11 per share. Issued 1,050 shares of preferred stock for cash at $106 per share. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when