WhisperingCompany reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet.

Preferred stock,10%, $100par (10,000 shares authorized,2,000shares issued)$200,000Common stock, $5par (110,000shares authorized,22,000shares issued)110,000Additional paid-in capital132,000Retained earnings419,000Total$861,000

During 2017, Whispering took part in the following transactions concerning stockholders' equity.

1.Paid the annual 2016 $10per share dividend on preferred stock and a $2per share dividend on common stock. These dividends had been declared on December 31, 2016.2.Purchased1,700shares of its own outstanding common stock for $41per share. Whispering uses the cost method.3.Reissued600treasury shares for land valued at $28,400.4.Issued480shares of preferred stock at $103per share.5.Declared a10% stock dividend on the outstanding common stock when the stock is selling for $44per share.6.Issued the stock dividend.7.Declared the annual 2017 $10per share dividend on preferred stock and the $2per share dividend on common stock. These dividends are payable in 2018.

Prepare journal entries to record the transactions described above.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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