On January 5, 2020, Martinez Corporation received a charter granting the right to issue 5,200 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par value common stock. It then completed these transactions.

Jan. 11		Issued 20,300 shares of common stock at $16 per share.
Feb. 1		Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a fair value of $48,600; a factory building with a fair value of $146,000; and land with an appraised value of $266,000.
July 29		Purchased 2,000 shares of common stock at $17 per share. (Use cost method.)
Aug. 10		Sold the 2,000 treasury shares at $14 per share.
Dec. 31		Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31		Closed the Income Summary account. There was a $163,400 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.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 11Feb. 1July 29Aug. 10Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Feb. 1	enter an account title for the journal entry on February 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on February 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on February 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on February 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on February 1	enter a debit amount	enter a credit amount
choose a transaction date Jan. 11Feb. 1July 29Aug. 10Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Aug. 10	enter an account title for the journal entry on August 10	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on August 10	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on August 10	enter a debit amount	enter a credit amount
choose a transaction date Jan. 11Feb. 1July 29Aug. 10Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 11Feb. 1July 29Aug. 10Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Prepare the stockholders' equity section of Martinez Corporation's balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.) MARTINEZ CORPORATION Stockholders' Equity $ $ $