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Problem 15-01 On January 5, 2020, Windsor Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumulative and

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Problem 15-01 On January 5, 2020, Windsor Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 51,600 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,500 shares of common stock at $15 per share. Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $53,300; a factory building with a fair value of $152,000; and land with an appraised value of $295,000. July 29 Purchased 1,600 shares of common stock at $16 per share. (Use cost method.) Aug. 10 Sold the 1,600 treasury shares at $14 per share. Dec. 31 Declared a $0.35 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a $158,400 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 o for the amounts. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.) Account Thiles and Explanation Credit Jan 11 Cash Common Stock Paid-in Capital in Excess o Feb. 1 Equipment Buildings Land July 29 Treasury Stock Cash Aug. 10 Cash Paid-in Capital from Treasy Treasury Stock Dec. 31 Dec. 31 Prepare the stockholders' equity section of Windsor Corporation's balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.) WINDSOR CORPORATION Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work

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