The stockholders equity of BIGCO, Ltd. at January 1st, 2021 is as follows: Common stock, $1 par value BIGCO, Ltd Stockholders equity 1 January 2021 Additional paid in capital common stocks Retained earnings Total stockholders Equity 2.000.000 4.000.000 1.500.000 7.500.000 On 12th of February the company sold $1.000 5% bonds for a total amount of $100,000. On 17th of April, the company issued $1,000,000 face value 4% non cumulative preferred stocks for $9,500,000 On 24th of August, the company purchased 90,000 treasury stocks at a price of $5 per share On September 15, the company reissued 70,000 of its treasury stocks for $6 per share The company expects an income before interests and taxes of $1,500,000 at December 31, 2021 Corporation tax is at a 25% rate 1. Record the transactions of the company on the General Journal (10 points) 2. Calculate the average issuance price of the common stocks at January 1, 2021. (10 points) 3. Prepare the income statement of the company for the year 2021. (10 points) 4. Prepare the stockholders equity section of the balance sheet at December 31, 2021 (10 points)