Prepare the Stockholders' Equity Section from Transaction Data

Prepare the stockholders' equity section from transaction data.
Shown below is the stockholders' equity section of Farrell Corporation's balance sheet at December 31,2014: In 2015,the following events occurred:
Farrell Corporation issued 1,000 shares of $3 par common stock in exchange for land.Although several real estate appraisers disagree on the value of the land,Farrell's stock is currently selling on a stock exchange for $32 per share.
Farrell Corporation issued 3,000 shares of 5% cumulative p

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