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The following is the Stockholders Equity section of Walmart at December...

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Accounting

The following is the Stockholders Equity section of Walmart at December 31, 2020: 12/31/2020 12/31/2021
Common stock, $10 par value, (700,000 shares issued and outstanding) $7,000,000
Additional paid-in-capital CS $4,000,000
Retained Earnings $5,600,000
The following transactions occurred during 2021:
100,000 shares of common stock were purchased for the treasury at $24 per share
Preferred stock was issued for land. The asking price of the land was $3,500,000.
The value of the land was $3,400,000.
40,000 shares of treasury stock were sold at $28 per share
40,000 shares of treasury stock were sold at $21 per share
The remaining 20,000 shares of treasury stock were sold at $17 per share
Journalize the 5 transactions above and fill in the stockholders equity section at December 31, 2021

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