Marin Company reported the following amounts in the stockholders equity section of its December 31, 2019, balance sheet.

Preferred stock, 11%, $100 par (100,000 shares authorized, 23,000 shares issued $2,300,000

Common stock, $1 par (1,000,000 shares authorized 296,000 shares issued) 296,000

Additional paid-in-capital-common 1,037,000

Retained earnings 1,484,000

Total $5,117,000

During 2020, Marin took part in the following transactions concerning stockholders equity.

1. Paid the annual 2019 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividend had been declared on December 31, 2019.

2. Purchase 900 shares of its own outstanding common stock for $8 per share. Marin uses the cost method.

3. Reissued 900treasury shares for land with an appraised value of $8,700. Marins common shares were trading for $8.50 per share.

4. Issued 47,000 shares of common stock at $9 per share.

5 Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $10 per share.

6. Declared the annual 2020 dividend on preferred stock and the $0.50 per share dividend on common stock. These dividends are payable in 2021.

(a) Prepare journal entries to record the transactions described above. Assume transactions occurred in the order presented. (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 0 for the amounts.)

No. Account Titles and Explanation Debit Credit

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(b) The parts of this question must be completed in order. This part will be available when you complete the part above.