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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, 360,000 shares; issued, 36,000 shares Common stock, $5 par value; authorized, 2,400,000 shares; issued, 480,000 shares Paid-in capital in excess of parpreferred Paid-in capital in excess of parcommon Retained earnings The following events occurred during 2013: Jan. 5 30,000 shares of authorized and unissued common stock were sold for $9 per share. Jan. 16 30,000 shares of authorized and unissued preferred stock were sold for $106 per share. April 1 80,000 shares of common stock were repurchased for the treasury at a price of $20 per share. Superior Sept. 1 5,000 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised va Dec. 1 35,000 shares of treasury stock are reissued at a price of $25 per share Below is the Journal Entry