I need help with the last journal entry only.

Exercise 15-18 (Part Level Submission) Buffalo Comparry reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, s 100 par (10,000 shares authorized, 1,800 shares issued) 180,000 Common stock, $5 par (92,000 shares authorized, 18,400 shares issued) Additional paid-in capital Retained earnings 92,000 112,000 462,000 $846,000 Total During 2017, Buffalo took part in the following transactions concerning stockhoders' equity 1. Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016. 2. Purchased 1,500 shares of its own outstanding common stock for $44 per share. Buffalo uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,700. Issued 540 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding comon stock when the stock is selling for $43 per share. 6. Issued the stock dividend 7. Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018. Your answer is partially correct. Try again. Prepare journal entries to record the transactions described above. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no No. Account Titles and Explanation Debit Credit .Dividends Payable- Preferred Stock Dividends Payable - Common Stock Cash 2. Treasury Stock Cash 3. Land Treasury Stock Paid-in Capital from Treasury Stock 4. Cash Preferred Stock Paid-in Capital in Excess of Par Preferred Stock 32 5.Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par-Common Stock 6. Common Stock Dividend Distributable Common Stock 7. Retained Earnings Dividends Payable - Common Stock Dividends Payable - Preferred Stock 3872 Click if you would like to Show Work for this question: Open Show Work