the stockholders equity action of Kardashian corporation balance sheet of december 31,2014 appears as follows Contributed Capital Common Stock $4 par value,5,000.000 shares authorized,300,000 shares issued and outstanding $1,200.000 Paid capital in Excess of Par Common 1,600,000 Retained Earnings 2.000.000 Total Stockholders Equity $3,800.000 The following transactions occurred in sequence during 2015. a Issued 10,000 shares of $100 par value,10% cumulative prefered stock at par.

b. Declared a 2 per 1 stock split on outstanding common shares

c. Bought land valued at $850,000 by using 100,000 shares of common stock.

d.Declared and issued 10% stock dividend on common stock issued ans outstanding.The market price per share of common on the stock declaration date was $9.

e.Repurchased 40,000 shares of stock at $12 per share f. Earned net income of $970,000.

g.Declared and paid the full year`s dividends on the preferred on the stock and $1 share per share on its outstanding common share.

Make the neccesary journal entries for the above transactions