Current Attempt in Progress

On January $5,2025,$ Coronado Corporation received a charter granting the right to issue $5,300$ shares of $$100$ par value, $8\%$ cumulative and nonparticipating preferred stock, and $52,600$ shares of $$10$ par value common stock. It then completed these transactions.

Jan. $11$ Issued $20,800$ shares of common stock at $$17$ per share.

Feb. $1$ Issued to Sanchez Corp. $3,700$ shares of preferred stock for the following assets: equipment with a fair value of $$48,300$; a factory building with a fair value of $$157,000$; and land with an appraised value of $$243,000.$

July $29$ Purchased $2,000$ shares of common stock at $$18$ per share. $($Use cost method.$)$

Aug. $10$ Sold the $2,000$ treasury shares at $$15$ per share.

Dec. $31$ Declared a $$0\mathrm{.}50$ per share cash dividend on the common stock and declared the preferred dividend.

Dec. $31$ Closed the Income Summary account. There was a $$192,100$ net income.

$($a$)$

Record the journal entries for the transactions listed above. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$