Question: Journey publishing Journey Publishing was recently organized as a corporation. The company issued common stock to an attomey who provided legal services worth $25,000 to

Journey publishing

Journey Publishing was recently organized as a corporation. The company issued common stock to an attomey who provided legal services worth $25,000 to help with the incorporation. Journey also issued common stock to an inventor in exchange for her patent with a market value of $81.000. In addition. Journey recetved cash both for the issuance of 3,000 shares of its preferred stock at $140 per share and for the issuance of 20.000 of its common shares at $2 per share. Dunng the first year of operations, Joumey earned net income ot $97,000 and declared a cash dividend of S27.ooo. Read the requireme.nr Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions. Complete the table below by selec!ng the transactions that result in paid-in capital and then enter the amounts to calculate total paid-in capital for the period. (If an input field is not used in the table leave the field empty; do not select a 'abet or enter a zero.) Transaction Total paid-in capital Paid-in capital

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