in Progress On January 5, 2022 Pharoah Corporation received a charter granting the right to issue 4,500 shares of $ 100 par value, 8% cumulative and non-participating preference share, and 53 300 shares of $ 10 par value ordinary shares. It then completed these transactions Jan 11 Feb. 1 July 29 Issued 20.400 ordinary shares at $17 per share Issued to Sanchez Corp 4.200 preference shares for the following assets: machinery with a fair value of $ 45.200; a factory building with a fair value of $ 172,000: and land with an appraised value of $ 262.000, Purchased 2,000 ordinary shares at $ 18 per share. (Use cost method.) Sold the 2.000 treasury shares at $ 15 per share Declared a $0.25 per share cash dividend on the ordinary shares and declared the preference dividend Closed the Income Summary account. There was $163.500 net income Aug 10 Dec 31 Dec 31 Record the journal entries for the transactions listed 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 for the amounts. Record entries in the order displayed in the problem statement. Round answers to decimal places es $5.275) Date Account Titles and Explanation Debit Credit places. e. 35.2750 Date Account Tities and Explanation Debit Credit Cash Ordinary Shares Dividend Dutral Share Cardin Feb1 Aug 10