the stockholders equity action of Kardashiancorporation balance sheet of december 31,2014 appears asfollows
Common Stock $4 par value,5,000.000 shares authorized,300,000shares issued and outstanding $1,200.000
Paid capital in Excess of Par Common 1,600,000
Retained Earnings 2.000.000
Total Stockholders Equity $3,800.000
The following transactions occurred in sequence during 2015.
a Issued 10,000 shares of $100 par value,10% cumulative preferedstock at par.
b. Declared a 2 per 1 stock split on outstandingcommon shares
c. Bought land valued at $850,000 by using 100,000shares of common stock.
d.Declared and issued 10% stock dividend on commonstock issued ans outstanding.The market price per share of commonon the stock declaration date was $9.
e.Repurchased 40,000 shares of stock at $12 pershare
f. Earned net income of $970,000.
g.Declared and paid the full year`s dividends on thepreferred on the stock and $1 share per share on its outstandingcommon share.
Make the neccesary journal entries for the abovetransactions