Hi, please help with part b, please FOLLOW THE CHART ORDER to fill out the answer, do not skip anyone. Also, please provide detailed solution of how you get these answers. Use the list of choices as the title. Thanks.

Problem 15-1 (Part Level Submission) On January 5 2017 Blossom Corporation received a charter granting the riaht o issue 5 100 shares otsi00 par value, 7% cu ulative and nonparticipating prete red stock and 4 Oshares o S rvalue common stock. It then completed these transactions. an. 1 Issued 19,900 shares of common stock at $16 per share Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $52,500; a factory building with a fair value of $166,000; and land with an appraised value of $252,000 uly 29 Purchased 1,800 shares of common stock at $18 per share. (Use cost method.) Aug. 10 Sold the 1,800 treasury shares at $15 per share. Dec. 31 Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend Dec. 31 Closed the Income Summary account. There was a $172,200 ne income