On December 31, 20x2, Victoria Corporation's balance sheet reported the following. Common stock $1 par $2,000,000 PIC-common stock 3,000,000 Preferred stock 7% $10 par cumulative, fully participating 2.500,000 PIC-preferred stock 750,000 5.000 000 Total stockholders' equity $13.250,000 Required: Record the journal entries for the following BE SURE to put DR and CR by your entries 1) At the beginning of 20x3, Victoria decided to buy back for the treasury 30,000 shares of its common stock at a price of $31.25 per share. The company uses the retirement method for recording the buy back. 2) What if the company uses the cost method to record the buy back? 3) In July, the company re-sold 15,000 of the treasury shares for $34 per share (use the cost method). 4) In August, the company re-sold 15,000 of the treasury shares for $28 per share (use the cost method). during the year. Besure apd show me the breakdown of how much the preferred and common shareholder groups Assume there are 3 years of dividends in arrears each are entitled to of the total On December 31, 20x2, Victoria Corporation's balance sheet reported the following. Common stock $1 par $2,000,000 PIC-common stock 3,000,000 Preferred stock 7% $10 par cumulative, fully participating 2.500,000 PIC-preferred stock 750,000 5.000 000 Total stockholders' equity $13.250,000 Required: Record the journal entries for the following BE SURE to put DR and CR by your entries 1) At the beginning of 20x3, Victoria decided to buy back for the treasury 30,000 shares of its common stock at a price of $31.25 per share. The company uses the retirement method for recording the buy back. 2) What if the company uses the cost method to record the buy back? 3) In July, the company re-sold 15,000 of the treasury shares for $34 per share (use the cost method). 4) In August, the company re-sold 15,000 of the treasury shares for $28 per share (use the cost method). during the year. Besure apd show me the breakdown of how much the preferred and common shareholder groups Assume there are 3 years of dividends in arrears each are entitled to of the total