On April 21, 2014, Alligator Corporation received a charter granting the right to issue 100,000 shares of $100 par value, 6% cumulative and nonparticipating preferred stock, and 1,000,000 shares of $1 par value common stock. It then Apr. 28 Issued 100,000 shares of common stock at $23 per share. Jul. 16 Issued 6,000 shares of preferred stock to Thevenot Corporation for the following assets: equipment with a fair value of $76,000; a warehouse with a fair value of $240,000; and land with an appraised value of $320,000. Aug 6 Purchased 750 shares of common stock at $26 per share. (Use cost method.) Sep. 17 Sold the 750 treasury shares at $27 per share. Dec. 31 Declared a $0.10 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a $96,900 net income. Instructions (a) Record the journal entries for the transactions listed above. (b) Prepare the stockholders