On January 5, 2020, Cheyenne Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,300 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Issued 19,400 shares of common stock at $15 per share. Issued to Sanchez Corp. 4,200 shares of preferred stock for the following assets: equipment with a fair value of $54,100; a factory building with a fair value of $162,000; and land with an appraised value of $274,000. Purchased 1,700 shares of common stock at $16 per share. (Use cost method.) Sold the 1,700 treasury shares at $15 per share. Declared a $0.25 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a $176,200 net income. order displayed in the problem statement. Round answers to O decimal places, eg. $5,275.) Date Account Titles and Explanation Jan. 11 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Feb. 1. Equipment Buildings Land Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Debit 291000 54100 162000 274000 Credit 194000 97000 420000 70100 July 29 Treasury Stock Cash Aug. 10 Cash 27200 25500 Retained Earnings 1700 Treasury Stock Dec. 31 v Retained Earnings 38450 Dividends Payable Dec. 31 Income Summary 176200 Retained Earnings 27200 27200 38450 176200 Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital CHEYENNE CORPORATION Stockholders' Equity December 31, 2020