The information below was taken from the statement of stockholders’ equity of Chinook Furs. (Inferring equity transactionsfrom the 1997 1996 Preferred stock (no par) $ 700 $400 statement of Common stock ($1 par value) 1,000 900 stockholders’ equity) Additional paid-in capital: Common stock 40 20 Treasury stock 10 — Less: Treasury stock 130 150 REQUIRED: Provide the journal entries for the following.

a. The issuance of preferred stock during 1997.

b. The issuance of common stock during 1997.

c. The sale of treasury stock during 1997.