Pringle Corporation has been authorized to issue 20,000 shares of 5100 par value, 7%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a S5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders' equity. Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)