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***Please help with part c, and make sure all boxes are accounted for***

Sheffield Corporation was organized on January 1,2022 . It is authorized to issue 11,000 shares of 8%,$100 par value preferred stock, and 520,000 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. 10 Issued 75,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,500 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $80,000. May 1 Issued 81,500 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 11,500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $6 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $110 per share. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) Your answer is partially correct. Prepare the paid-in capital section of stockholders' equity at December 31, 2022. (Enter the occount name only and do not provide the descriptive information provided in the question.) SHEFFIELD CORPORATION Balance Sheet (Partial) December 31, 2022 Pald-In Capltal Stockholders' Equlty Common Stock Preferred Stock Total Capltal Stock Addlitional Pald-In Capital Fald-In Capital In Excess of Stated Value-Common Stock Pald-In Capital in Excess of Par-Preferred Stock 75000 Total Pald-In Capltal and Retained Earnings Total Pald-In Capltal eTextbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Subm't Answer mevious part.)

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