Blue Spruce Corporation was organized on January 1, 2020.It is authorized to issue 14,500 shares of 8%, 100 par value preferred stock and 450,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year:Jan. 10Issued 84,500 shares of common stock for cash at $6 per share. Mar. 1Issued 5,150 shares of preferred stock for cash at $110 per share. Apr. 1Issued 23,500 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $81,500May 1Issued 84,000 shares of common stock for cash at $5 per shareAug. 1Issued 10,000 shares of common stock to attorneys in payment of their bill o $39,500 for services performed in helping the company organizeSept. 1Issued 11,500 shares of common stock for cash at $7 per share. Nov. 1Issued 2,000 shares of preferred stock for cash at $111 per share. Required:Post to the stockholders' equity accounts.(Post entries in the order of journal entries presented in the previous part)