Tree Trimmer Airlines Inc. had the following selected account balances as of January 1, 2020: $ $ 600,000 60,000 Preferred Stock, 3%, $100 par (100,000 shrs. authorized; ???? shrs, issued and outstanding) Paid in Capital in Excess of Par - Preferred Stock Common Stock, $?? par (800,000 shares. authorized, 500,000 issued and outstanding) Paid in Capital in excess of Par - Common Stock Retained Earnings During 2020 the following occurred: 15-Jan Declared a cash dividend on preferred stock. $ $ $ 1,000,000 300,000 900,000 14-Feb Payment date for the preferred dividend. 28-Feb Issued 2,500 shares of preferred stock in exchange for a building, Details regarding the building are as follows: Original cost 25,000 150,000 Accum Deprec. Land Building Book Value 25,000 120,000 Fair Mkt. Value 75,000 180,000 30,000 17-Mar Declared declared a 4% common stock dividend when the shares were trading at $30. 1-Jul Distribution date for common stock pursuant to stock dividend. (Shares trading at $27) 1-Sep Reacquired 5,000 common shares for $155,000 and placed them 30-Sep Reissued 2,000 common shares held in treasury for $ 68,000. 31-Oct Reissued 1,000 common shares held in treasury for $ 27,500 7-Nov Reissued 2,000 common shares held in treasury for $58,000 12-Nov Declared a a 60% common stock dividend. (shares trading at $29.00) 24-Dec Distribution date for common stock pursuant to Nov, 12th stock stock dividend (shares trading at $29.50). Required: record the above transactions in general journal form