2. On January 5, 2018, Parker Corporation received a charter granting the right to issue 6,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 60,000 shares of $10 par value common stock. It then completed these transactions.

Jan. 15	Issued 40,000 shares of common stock at $18 per share.
Feb. 22	Issued to Martinez Corp. 2,000 shares of preferred stock for the following assets: equipment with a fair value of $30,000; a factory building with a fair value of $60,000; and land with an appraised value of $170,000.
July 23	Purchased 2,000 shares of common stock at $20 per share.
Oct. 10	Sold the 2,000 treasury shares at $15 per share.
Dec. 31	Declared a $0.30 per share cash dividend on the common stock and declared the preferred dividend.

Prepare all the necessary journal entries for the transactions listed above for Parker Corporation.

PLEASE PROVIDE ALL CALCULATIONS TO NUMBERS NOT GIVEN IN QUESTION