with explanations please

Stockholder's Equity, June 30, 2021 Paid-in Capital: Preferred Stock - $100 par value, 8%,100,000 shares authorized, 10,000 shares issued and outstanding Common Stock - $10 par value, 500,000 shares authorized, 32,000 shares issued, 30,000 shares outstanding $1,000,000 July 1 Declared the semi-annual dividend on the preferred stock to shareholders of record July 31, payable August 15. July 15 Declared a \$1.00 per share dividend on the common stock outstanding, to the shareholders of record July 31 , payable August 15. Aug 15 Paid the dividends on the preferred and common stock Sept 1 Issued 10,000 shares of common stock for land valued at $250,000 Oct 1 Declared and issued a 10\% stock dividend on the common stock. The price of the stock was $25. Nov 1 Issued 2,000 shares of preferred stock for $110 per share. Nov 15 Reissued the treasury stock for $30 per share. Dec 1 Declared the semi-annual dividend on the preferred stock, and a \$1.00 per share dividend on the common stock to shareholders of record December 31, payable January 15, 2020 Dec 31 Net income was $500,000, closed Income Summary. Dec 31 Closed dividends accounts