Uper w Google Docs Set A 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 2018: L01,2 (50 MIN) Paid-In Capital: Preferred Stock, $98 par, authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value-Preferred Stock Common Stock, $27 par, authorized 49,000 shares, 17,000 shares issued Paid-In Capital in Excess of Par Value--Common Stock Total Paid-In Capital $ 441,000 115,000 459.000 165,000 $1,180,000 Check Figure: (2) Total Paid-In Capital $2,820,400 The following transactions occurred in the months of June and July: 2018 June 1 Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at $48 per share. 15 Issued 7,800 shares of common stock at $42 per share. 2 Issued 4,800 shares of preferred stock at $108 per share. 18 Issued 1.900 shares of common stock in exchange for building and land with fair market value of $62,000 and $56,000, respectively. July kons: Organizations and Stock 1. Journalize the preceding entries and update the stockholders 2. Prepare a new Paid-In Capital section of stockholders' equiry as of July 31, 201X