Flint Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet.

Preferred stock, 11%, $100 par (10,000 shares authorized, 2,100 shares issued)		$210,000
Common stock, $5 par (104,500 shares authorized, 20,900 shares issued)		104,500
Additional paid-in capital		135,000
Retained earnings		492,000
Total		$941,500

During 2017, Flint took part in the following transactions concerning stockholders equity.

1.		Paid the annual 2016 $11 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016.
2.		Purchased 1,600 shares of its own outstanding common stock for $39 per share. Flint uses the cost method.
3.		Reissued 700 treasury shares for land valued at $28,700.
4.		Issued 530 shares of preferred stock at $107 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share.
6.		Issued the stock dividend.
.		7. Declared the annual 2017 $11 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018 Prepare journal entries to record the transactions described above