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CALCULATOR FILL SCREEN PRINTER VERSTON CES BACK Problem 15-1 On January 5, 2017, Flint Corporation received a charter granting the right to issue 5,300 shares of $100 par value, 8% cumulative and nonpartidpating preferred stock, and 52,600 shares of $10 par value common stock. It then completed these transactions. Jan. 11 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 Issued 20,800 shares of common stock at $17 per share. $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 Dedared a $o.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 Record the journal entries for the transactions listed above. (Credit account titles are autommatically indented when amount is entered. Do not indent aanually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed io the problem statement. Round answers to 0 decimal places, e.g. $5,275.) Debit Credit Date Account Titles and Explanation Feb. 1 1