Comprehensive

The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2012, is as follows:

Shareholders? Equity
Preferred stock, $100 par value; authorized, 150,000 shares; issued, 15,000 shares	$1,500,000
Common stock, $5 par value; authorized, 1,000,000 shares; issued, 200,000 shares	1,000,000
Paid-in capital in excess of par?preferred	60,000
Paid-in capital in excess of par?common	425,000
Retained earnings	3,300,000
$6,285,000

The following events occurred during 2013:
Jan. 5	50,000 shares of authorized and unissued common stock were sold for $9 per share.
Jan. 16	50,000 shares of authorized and unissued preferred stock were sold for $110 per share.
April 1	90,000 shares of common stock were repurchased for the treasury at a price of $16 per share. Superior uses the cost method to account for treasury stock.
Sept. 1	2,000 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $224,000. The preferred stock currently trades on the New York Stock exchange at a price of $110 per share.
Dec. 1	35,000 shares of treasury stock are reissued at a price of $21 per share

Need help with #3. Please see attached