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Following are selected transactions of Black Corporation: 12-31-2018 The board of directors authorized the appropriation of $200,000 of retained earnings to provide for the future acquisition of a new plant site and the construction of a new building, 01-02-2019 Purchased a plot of land for the new plant site for cash, $400,000. 4-27-2019 Entered into a contract with Fryer Construction Company for construction of a new building, payment to be made within 30 days following completion of the building. 12-31-2019 12-31-2020 The board of directors authorized the appropriation of another $200,000 of retained earnings to provide for the future acquisition of a new plant site and the construction of a new building. The board of directors authorized the appropriation of another $200,000 of retained earnings to provide for the future acquisition of a new plant site and the construction of a new building. Following the final inspection and approval of the new building, Fryer Construction Company was paid in fall, $900,000 The board of directors authorized release of the retained earnings appropriated for the plant site and building. A 10% stock dividend on the 90,000 shares of $100 par value common stock outstanding was declared the market price of the stock on this date was $106 per share. 02-10-2021 03-10-2021 04-02-2021 Required: Prepare the journal entries to record the above transactions. USE THIS FORMAT Black Corporation General Journal Date Accounts Debit Credit

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