On January 1, 2020, Baylor, inc. received a charter granting the right to issue 10,000 shares of $100 par value, 8% cumulative and non-participating preferred stock and 50,000 shares of $10 par value common stock. It then completed the following transactions: 1/15/20 Issued 20,000 shares of common stock at $16 per share. 2/1/20 Issued 4,000 shares of preferred stock at $112 per share. 3/12/20 Issued 10,000 shares of common stock in exchange for land with an appraised value of $50,000 and a building with an appraised value of $100,000. The common stock was currently selling on the market at $18 per share. 4/30/20 Declared and issued a 2:1 stock split on the common stock. 6/15/20 Purchased 2,000 shares of common stock as treasury stock at a price of $12 per share. The company uses the cost method to record treasury stock transactions. 8/12/20 Reissued 1,500 of the treasury shares at $19 per share. 10/14/20 Declared a 10% stock dividend on the common stock. The market price of the common stock was $15 per share on that date. 11/1/20 Issued the additional share from the stock dividend declared on 10/14/20. 12/5/20 Declared the annual dividend on the preferred stock and a $1.00 per share dividend on the common stock. 12/20/20 Paid the dividends declared on 12/4/20. REQUIRED: Prepare the journal entries required for Baylor to record the stockholders' equity transactions for 2020