5. The Collyer Corporation authorizes the issuance of 5,000,000 shares of $1 par common stock and 1,000,000 shares of 10 percent, $50 par cumulative preferred stock. Events affecting the stockholders' equity section during the first year of operations (2010) are listed below. (1.) 500,000 shares of common stock were issued for $20 per share. (2.) 25,000 shares of preferred stock were sold at $52 per share. (3.) A building with a fair market value of $860,000 was acquired for a cash payment of $200,000 and 30,000 shares of common stock. (4.) 3,000 shares of common stock were repurchased for $15 per share. (5.) Reissued 1,000 shares of the treasury stock for $20 per share. (6.) Collyer generated $1,500,000 of income its first year and paid no dividends. Required: (A.) Record the transaction described above. (B.) Prepare the stockholders' equity section of Collyer Corporation.