CALCULATOR MESAGERY.INSTRUCTOR PRINTER VERN NEXT Problem 13-06A -b (Video) Concord Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, preferred stock and 997.100 shares of no par common stock. The corporation and a $2.60 stated value to the common stock. At December 31, 2020, the ledger contained the following balances pertaining to stockholders' equity Preferred Stock $110,000 Paid in Capital in Excess of Par-Preferred Stock 31,500 Common Stock 997,100 Paid in Capital in Excess of stated Value--Common Stock 1.687,400 Treasury Stock (060 common shares) 12,480 Pald-in Capital from Treasury Stock 1,440 Retained Earnings 13,500 Accumulated Other Comprehensive Income 57.000 The preferred stock was issued for land having a fair value of 5141,500 All common stock issued was for cash In November 1.440 shares of common stock purchased for the treasury at a per share cost of $13. In December, 480 shares of treasury stock were sold for $10 per share. No dividends were declared in 2020 HESLAGER DESTRUCTOR FULL SCREEN Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (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. No. Account Titles and Explanation Debit Credit 1. 2. 3. CALCULATOR HESSAGE MY INTITOR Prepare the stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question) TULL SCREEN PRINT VERSION HACE CONCORD CORPORATION Balance Sheet (Partial) CALCULATOR MES $ > > $