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On January 5, 2020, Blossom Corporation received a charter granting the right to issue 5.500 shares of $100 par value, 7% cumulative and nonparticipating preferred

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On January 5, 2020, Blossom Corporation received a charter granting the right to issue 5.500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 49.000 shares of $10 par value common stock. It then completed these transactions Jan 11 Feb. 1 July 29 Aug. 10 Dec, 31 Dec 31 issued 18,400 shares of common stock at $15 per share. Issued to Sanchez Corp, 3,800 shares of preferred stock for the following assets: equipment with a fair value of $52,700; a factory building with a fair value of $165.000, and land with an appraised value of $255,000, Purchased 1.800 shares of common stock at $16 per share. (Use cost method.) Sold the 1.800 treasury shares at $14 per share Declared a $0,35 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $186,500 net income Record the journal entries for the transactions listed above. (Credit account titles are automatically inderted when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record entries in the order displayed in the problem statement. Round answers to decimal places, og $5,275) Date Account Titles and Explanation Debit Credit Cach 276.000 an 11 1814000 Common Stock Paldin Capitalin Excess of Par. Common Stock 92000 Lorent 52.700 Building 165000 M Lond 255000 Preferred Stock 0000 Paid Cantin Encess of Par. Preferred to 92700 uly 29 Tremury Stock 28.000 Cm 28.800 10 Caths 25200 Prepare the stockholders' equity section of Blossom Corporation's balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information) BLOSSOM CORPORATION Stockholders' Equity December 31, 2020 Capital Stock S Preferred Stock Common Stock Total Capital Stock Additional Paid in Capital $ Paid-in Capital in Excess of Par-Preferred Stock Paid in Capital in Excess of Par - Common Stock Total Paid-in Capital Retained Earnings $ Total Stockholders' Equity e Textbook and Media List of Accounts

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