13-6A

Irwin Corporation has been authorized to issue21,000shares of $100par value,10%, preferred stock and1,092,000shares of no-par common stock. The corporation assigned a $2.80stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity.

Preferred Stock$130,000Paid-in Capital in Excess of ParPreferred Stock11,000Common Stock1,092,000Paid-in Capital in Excess of Stated ValueCommon Stock1,248,000Treasury Stock (900common shares)9,900Paid-in Capital from Treasury Stock1,350Retained Earnings83,000

The preferred stock was issued for land having a fair value of $141,000. All common stock issued was for cash. In November,1,350shares of common stock were purchased for the treasury at a per share cost of $11. In December,450shares of treasury stock were sold for $14per share. No dividends were declared in 2017.

Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(1)Issuance of preferred stock for land.

(2)Issuance of common stock for cash.

(3)Purchase of common treasury stock for cash.

(4)Sale of treasury stock for cash.

Prepare the stockholders' equity section at December 31, 2017. (Enter the account name only and do not provide the descriptive information provided in the question.)