Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d. Declared and issued 10% stock dividend on common stock issued and outstanding. The market price per share of common on the stock declaration date was $12. e. Repurchased 40,000 shares of stock at $17 per share f. Earned net income of $995,000. g. Declared and paid the full year's dividends on the preferred on the stock and $3 share share on its outstanding common share. LOL.000 REQUIRED: Make the necessary journal entries for the above transactions