The stockholders’ equity accounts of Cheyenne Corp. on January 1, 2017, were as follows: Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) $264,000
Common Stock ($4 stated value, 310,000 shares authorized) 1,033,333
Paid-in Capital in Excess of Par Value—Preferred Stock 13,200
Paid-in Capital in Excess of Stated Value—Common Stock 496,000
Retained Earnings 683,500
Treasury Stock (4,400 common shares) 35,200

During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity.

Feb. 1 Issued 4,620 shares of common stock for $32,340.
Mar. 20 Purchased 1,250 additional shares of common treasury stock at $8 per share.
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017.
Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared on December 1.

Required:
Journalize the transactions.