Pringle Corporation has been authorized to issue 22,600 shares of $100 par value, 7%, noncumulative preferred stock and 1,021,300 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders equity. Preferred Stock $152,500 Paid-in Capital in Excess of Par ValuePreferred Stock 21,450 Common Stock 2,150,000 Paid-in Capital in Excess of Stated ValueCommon Stock 1,688,000 Treasury Stock (3,950 common shares) 51,350 Retained Earnings 83,600 The preferred stock was issued for $173,950 cash. All common stock issued was for cash. In November 3,950 shares of common stock were purchased for the treasury at a per share cost of $13. No dividends were declared in 2014.

part (a) Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(1) Issuance of preferred stock for cash.

(2) Issuance of common stock for cash.

(3) Purchase of common treasury stock for cash.

What would be the prepared the stockholders equity section of the balance sheet at December 31, 2014.