The stockholders' equity section of Kamal Kotton Korporation Limited's balance sheet as on December 01 2018 appears as follows: Stockholders' Equity: $10 preferred stock, $100 par value, callable at $120, 1,000,000 shares authorized, issued 100000 shares Common stock, $10 par value, 1,000,000 shares authorized, 100,000 issued Additional Paid-in capital: Preferred Stock Common stock Retained Earnings Total stockholders' equity $10,000,000 1,000,000 $ 200,000 900,000 $1,100,000 800,000 $12,900,000 The following transactions took place during December 2018: December 05 the company issued 10,000 shares of preferred stock at $ 110 per share. December 10 the company purchased machinery by issuing 50,000 shares of common stock. the market price of company's share on the day was Rs 25 per share. December 15 the company issued 25,000 shares of common stock at a premium of Rs 15 per share. December 20 the preferred stock holder's converted 10,000 shares with common stock in the ratio of 2:9. December 25 the company purchased 20,000 shares of its common stock at a price of Rs 27 per share. December 30 the company reissued 7,000 shares acquired on December 25 at a price of Rs 30 per share. REQUIRED: 1. Make general entries for the above mentioned transactions. 2. Make the stockholders' equity section of Kamal Kotton Korporation Limited's balance sheet as on Decemberb 31 2018