CALCULATOR FULL SCREENPRINTER VERSION BACK NEXT Problem 13-06A a-b (Video) Marigold Corporation corporation assigned a $2.50 stated value to the common stock. has been authorized to issue 21,000 shares of $100 par value, 10%, preferred stock and 1,020,000 shares of no-par common stock. The At December 31, 2020, the ledger contained the following balances pertaining to stockholders' equity Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock $130,000 10,000 1,020,000 2,244,000 12,100 1,650 84,500 65,000 Treasury Stock (1,100 common shares) Paid-in Capital from Treasury Stock Retained Earnings Accumulated Other Comprehensive Income The preferred stock was issued for land having a fair value of $140,000. All common stock issued was for cash. In November, 1,650 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 550 shares of treasury stock were sold for $14 per share. No dividends were declared in 2020. it account titles are automatically indented when amount is entered. Do not indent manually,) Prepare the journal entries for the: (Cred (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. DebitCredit No. Account Titles and Explanation