Presented below is selected information related to Wyrick Company: 1. The company is granted a charter that authorizes issuing over time, 15,000 shares of $100 6% par value preferred stock and 40,000 shares of $10 par common stock. 2. 12,000 shares of common stock were initially issued for a combined value totaling $600,000 determined as follows: land with an appraised valued of $400,000 and cash of $200,000. 3. 6,000 shares of preferred stock are sold for cash at $110 per share. 4. An additional 10,000 shares of common stock were issued for $60 per share. 5. The board of directors authorized and declared an 8% Stock Dividend to be distributed in 30 days. On the day of declaration, the stock was trading among outside investors in the market at 65 per share. 6. The stock dividend in #5 above was distributed. Instructions Prepare the general journal entries necessary to record the above transactions