I need the answer complete and in computer, no handwritten please.

Mackenzie Corporation was organized on January 1, 2018. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 800,000 shares of no-par common stock with a stated value of $4 per share. The following stock transactions were completed during the first year.

Jan. 10 Issued 90,000 shares of common stock for cash at $6 per share.

Feb. 15 Issued 5,000 shares of preferred stock for cash at $105 per share.

Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $95,000. The fair value of the land was $87,000.

May 15 Issued 75,000 shares of common stock for cash at $6.50 per share.

July. 1 Issued 9,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize.

Oct. 1 Issued 10,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 1,800 shares of preferred stock for cash at $109 per share.

Instructions

(a) Journalize the transactions.

(b) Post to the stockholders equity accounts.

(c) Prepare the paid-in capital section of stockholders equity at December 31, 2018