Problem 3. The following is the stockholders Equity section of Shaq & Co. at December 31, 202 Common stock, $5 par value, (700,000 shares issued and outstanding) Additional paid-in-capital CS Retained Earnings 12/31/2020 $9,000,000 $11,000,000 $7,500,000 1 2 The following transactions occurred during 2021: 100,000 shares of common stock were purchased for the treasury at $16 per share Preferred stock was issued for land. The asking price of the land was $1,750,000. The value of the land was $1,600,000 40,000 shares of treasury stock were sold at $19 per share 40,000 shares of treasury stock were sold at $17 per share The remaining 20,000 shares of treasury stock were sold at $13 per share 3 4 5 Journalize the 5 transactions above