The shareholders' equity section of Supenior Corporation's balance sheet as of December 31, 2018, 15 as follows: The foliowing events occurred during 2019 Jan 58,500 shares of authoreed and unissued common stock were sold for $6 per share 169,500 shares of authorized and unissued preferted stock were sold for $109 per share: Aor 178000 shares of common stock were reporchased for the treasury at a price of $19 per share Supenor The following events occurred during 2019 Jan. 58,500 shares of authonzed and unissued common stock were sold for $6 per share 169,500 shares of authorized and unissued preferred stock were sold for $109 per share Apr 178,000 shares of common stock were repurchased for the treasury at a price of $19 per share Superiot uses the cost method to account for treasury stock Sept 13,500 shares of preferred stock are issued in exchange for a piece of land The land has an appraised value of $375,500 The preferred stock currently trades on the New York Stock Exchange at a price of $105 per share Dec 126,000 shares of treasury stock are reissued at a price of $28 per share. Required: 1. Prepare joumal entries for each of the above tansactions 2. Calculate the number of authonzed, issued, and outstanding common shares as of December 31, 2019 3. Calculate Superior's fegal captal at December 31, 2019