On january 1, 2015 BYD Corporation was incorporated. The corporate charter grants BYD Corp. the right to issue 100,000 shares of $25.00 par value, 5% cumulative and nonparticipating preferred stock, and 2,000,000 shares of $1.00 par value common stock. it then completed these transactions

- Jan 25 issued 1,600,000 shares of common stock at $25 per share

-Mar 1 issued tp samcjez corp. 65,000 shares of preferreed stock for the following

1. Machinery with a fair market value of $650,000

2. A factory building with a fair market value of $812,500

3. and, land with an appraised value of $975,000

- Jul 21 Purchased 192,00 shares of common stock at $18.75 per share. (use the cost method)

-Aug 15 Sold the 144,000 treasury shares at $30.00 per share

-Dec 31 Closed the income summary account. There was $33,950,000 net income

-Dec 31 Declared $1.20 per share cash dividend on the common stock and declared the preferred dividend.

A) Record the Journal entries for the transactions listed above

B) Prepare the Stockholders' Equity section of the BYD Corporation's balance sheet as of Dec. 31, 2015