Please only do Part B, Thank you

On January 5, 2020, Carla Corporation received a charter granting the right to issue 4,800 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 49,300 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 20,400 shares of common stock at $16 per share. Issued to Sanchez Corp. 4,000 shares of preferred stock for the following assets: equipment with a fair value of $52,700; a factory building with a fair value of $175,000; and land with an appraised value of $292,000. Purchased 1,800 shares of common stock at $16 per share. (Use cost method.) Sold the 1,800 treasury shares at $13 per share. Declared a $0.50 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $190,000 net income. (a) Your answer is correct. 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 O 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 Jan. 11 Cash 326400 Common Stock 204 Paid-in Capital in Excess of Par - Common Stock 122 Feb. 1 Equipment 52700 Your answer is correct 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 O for the amounts. Record entries in the order displayed in the problem statement. Round answers to decimal places, eg. $5,275.) Date Account Titles and Explanation Debit Credit Jan 11 v Cash 326400 Common Stock 204000 Paid-in Capital in Excess of Par-Common Stock 122400 2.1 Equipment 52700 Buildings 175000 Land 292000 400000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Treasury Stock 119700 July 29