4. Harris Inc was organized and authorized to issue 10,000 shares of $100 par value, 5 percent preferred stock and 200,000 shares of $8 par value common stock on January 1, 2017. Jan 2 Issued 6,000 shares of common stock at $10 per share Jan 10 Issued 500 shares of preferred stock at par value for cash Jan 15 Issued 5,000 shares of common stock for a building on which the asking price was $60,000. The market value of the stock was $10. The management wishes to value the building at the full market value of the stock. Apr 25 Issued 10,000 shares of common stock at $12 per share. Sep 8 Purchased 2,000 shares of the companys own stock at $12 per share. Dec 15 Declared a cash dividend for the annual amount on the outstanding preferred stock and $0.10 per share on common stock outstanding, payable on December 31 to shareholders of record on December 16. Dec 16 Date of record for cash dividends Dec 31 Paid cash dividends A. Prepare journal entries for the above transactions