The Hydro Coporation is authorized to issue 100,000, 8%, $ 150 par value preferred stock, and 750,000 shares of common stock with a par value of $ 12. The following is ledger information on January 1, 2021: Share Capital - Preference (8%, $ 150 par, cumulative, 100,000 shares authorized) $ 3,000,000 Share Capital-Ordinary ($ 12 par value, 750,000 shares Authorized) $ 3,300,000 Share Premium Preference $ 500,000 Share Premium-Ordinary $ 1,050,000 Retained Earnings $ 2,255,898 Treasury Shares-Ordinary (25,000 shares) $ 300,000 During 2021, the following transactions took place: Feb 14 Issued 20,000 shares of common stock in exchange for land Has a fair value of $ 245,000. Mar 8 Issued 1,200 cash preference shares for $ 162 per share. May 9 Resell 9,000 shares of treasury shares for cash for $ 113,000. Aug 17 Issued 5,000 common shares for cash at $ 15 per share. Sept 9 Buy Back 3,500 common shares for $ 13 per share Oct 20 Issued 7,000 shares of preferred stock for a Building. Market price For preferred stock is $ 155 per share, the Asking price of the Building is $ 1,100,000, and the building's fair value price cannot be determined. Nov 1 Declared a cash dividend of $ 4 per common share listed on November 30, 2021, and paid on December 31, 2021. Dec 31 Net income for the year 2021 amounted to $ 2,280,000. Instruction: a. Keep a Journal for each of the above transactions and a journal for net income b. Make a stockholders' equity section as of December 31, 2021.