Bonita Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 1,900 shares issued) $190,000 Common stock, $5 par (98,000 shares authorized, 19,600 shares issued) Additional paid-in capital Retained earnings Total 98,000 117,000 470,000 $875,000 During 2020, Bonita took part in the following transactions concerning stockholders' equity. 1. 2. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. Purchased 1,700 shares of its own outstanding common stock for $37 per share. Bonita uses the cost method. 3. Reissued 700 treasury shares for land valued at $29.500. 4 Issued 450 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. (d) Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) No. Account Titles and Explanation 1 5. 7. Dividends Payable Common) Share Premium Ordinary Paid-in Capital in Excess of Stated Value Common Stock Preferred Stock Cash Share Capital-Preference Share Premium Conversion Equity Paid-in Capital from Treasury Stock Unrealized Holding Gain or Loss-Income Buildings Common Stock Dividend Distributable Organization Expense Dividends Payable Preferred Treasury Stock Share Capital-Ordinary Debt Investments Equipment Paid in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par Preferred Stock Debit Credit