On January 5, 2017, Marigold Corporation received a charter granting the right to issue 5,200 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 47,700 shares of $10 par value common stock. It then completed these transactions.

Jan. 11		Issued 21,200 shares of common stock at $16 per share.
Feb. 1		Issued to Sanchez Corp. 4,200 shares of preferred stock for the following assets: equipment with a fair value of $54,900; a factory building with a fair value of $170,000; and land with an appraised value of $252,000.
July 29		Purchased 1,900 shares of common stock at $16 per share. (Use cost method.)
Aug. 10		Sold the 1,900 treasury shares at $15 per share.
Dec. 31		Declared a $0.40 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31		Closed the Income Summary account. There was a $188,100 net income.

Record the journal entries for the transactions listed above. (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. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.)

Prepare the stockholders equity section of Marigold Corporations balance sheet as of December 31, 2017. (Enter account name only and do not provide descriptive information.)

Account Titles and Explanation Debit Date Credit Feb. 1 Aug. 10 MARIGOLD CORPORATION Stockholders' Equity