Make the necessary journal entry for the above transaction

Problem 1 (40%) The stockholders equity action of Kardashian Corporation balance sheet of January 1, 2017 appears as follows: Contributed Capital: Common Stock- $4 par value, 5,000.000shares authorized, Paid capital in Excess of Par, Common 300,000 shares issued and outstanding Retained Earnings Total Stockholders' Equity The following transactions occurred in sequence during 2017 $1,200,000 1600,000 2,800,000 2,000,000 $4,800,000 Issued 30,000 shares of $100 par value, 5% cumulative preferred stock at par. Declared a 2 per 1 stock split on outstanding common shares. Bought land valued at $950,000 by using 100,000 shares of common stock. Declared and issued 10% stock dividend on common stock issued and outstanding market price per share of common on the stock declaration date was $13. Repurchased 40,000 shares of stock at $16 per share Earned net income of $980.000. Declared and paid the full year's dividends on the preferred on the stock and $2 s share on its outstanding common share. a. b. c. d. e. f. g. REQUIRED