Cheyenne Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet: Preferred stock, 12%, $100 par (100,000 shares authorized, 22,000 shares issued) $2,200,000 Common stock, $1 par (1,000,000 shares authorized, 300,000 shares issued) Additional paid-in capital-common Retained earnings Total 300,000 900,000 1,280,000 $4,680,000 During 2025, Cheyenne took part in the following transactions concerning stockholders' equity: 1. Paid the annual 2024 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,100 shares of its own outstanding common stock for $8 per share. Cheyenne uses the cost method. 3. Reissued 1,100 treasury shares for land with an appraised value of $10,300. Cheyenne's common shares were trading for $8.50 per share. 4. Issued 50,000 shares of common stock at $9 per share. 5. 6. Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $10 per share. Declared the annual 2025 dividend on preferred stock and the $0.50 per share dividend on common stock. These dividends are payable in 2026. (a) Prepare journal entries to record the transactions described above. Assume transactions occured in the order presented. (Credit account titles are automatically indented when the amount is entered. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. Dividends Payable-Preferred Dividends Payable Common Cash 2. Treasury Stock 3. 4. 5. Cash Land Treasury Stock Paid-in Capital in Excess of Par-Preferred Stock Cash Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings Common Stock Dividend Distributable 6. Retained Earnings Dividends Payable Preferred Dividends Payable-Common