View Policies Show Attempt History Current Attempt in Progress On January 5, 2022, Pharoah Corporation received a charter granting the right to issue 4,600 shares of $ 100 par value, 8% cumulative and non-participating preference share, and 53,300 shares of $ 10 par value ordinary shares. It then completed these transactions. Jan, 12 Feb. 1 Issued 20,400 ordinary shares at $ 17 per share Issued to Sanchez Corp. 4.200 preference shares for the following assets: machinery with a fair value of $ 45,200, a factory building with a fair value of $ 172,000, and land with an appraised value of $ 262,000 Purchased 2,000 ordinary shares at $ 18 per share. (Use cost method.) Sold the 2.000 treasury shares at $ 15 per share. Declared a $0.25 per share cash dividend on the ordinary shares and declared the preference dividend. July 29 Aug 10 Dec 31 Dec 31 Closed the Income Summary account. There was $ 163,500 net income Wspartially correct Record avant the transactlaris is above. (Credit accounttiles are automatically indented when amount is entered i DODGE Credit Cash BA6800 Share Premium-Ordinary 204000 Share Capital-Ordinary 142800 Machinery 45200 Buliding 172000 Lond 262000 Share Premium-Prenos 420000 10.1007100 Vol! Share Capital-Preference 57200 KO Treasury Shares 36000 15009 10000 Rate Carni 3000 Trans 5 Retained 200 Sharan 1100 cm