Malard Corporation was authorized to issue 100,000 shares of $9 par common stock and 50,000 shares of $90 par, 5 percent, cumulative preferred stock. Malard Corporation completed the following transactions during its first two years of operation:

2014

Jan.	2	Issued 32,500 shares of $9 par common stock for $12 per share.
	15	Issued 5,000 shares of $90 par preferred stock for $100 per share.
Feb.	14	Issued 26,000 shares of $9 par common stock for $12 per share.
Dec.	31	During the year, earned $340,000 of cash revenues and paid $197,200 of cash operating expenses.
	31	Declared the cash dividend on outstanding shares of preferred stock for 2014. The dividend will be paid on January 31 to stockholders of record on January 15, 2015.
	31	Closed revenue, expense, and dividend accounts to the retained earnings account.

2015

Jan.	31	Paid the cash dividend declared on December 31, 2014.
Mar.	1	Issued 5,200 shares of $90 par preferred stock for $100 per share.
June	1	Purchased 1,600 shares of common stock as treasury stock at $12 per share.
Dec.	31	During the year, earned $245,000 of cash revenues and paid $142,100 of cash operating expenses.
	31	Declared the dividend on the preferred stock and a $2.00 per share dividend on the common stock.
	31	Closed revenue, expense, and dividend accounts to the retained earnings account.

Required a. Organize the transaction data in accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".) MALARD CORPORATION Accounting Equation AssetsLiabilities+ Stockholders' Equity Paid-In Capital Paid-In Capital Accounts Titles for Event Preferred Stock Retained Retained Earnings Earnings Treasury Dividends Payable Commonin Excess +in Excess Stock Cash Stock Preferred Stock Common Stock 2014 1/2 1/15 2/14 12/31 12/31 12/31 0 0 2015 Beg. bal 1/31 12/31 12/31 12/31 End. bal 0 0