1. Tony and Suzie purchased land costing $520,000 for a new camp in January 2014. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow another million dollars, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has two classes of stock authorized: 7%, $10 par preferred and $1 par value common. When the company began on July 1, 2012, Tony and Suzie each purchased 19,000 shares of $1 par value common stock at $1 per share. The following transactions affect stockholders equity during 2014, its third year of operations: Jul. 2 Issue an additional 116,000 shares of common stock for $11 per share. Sep. 10 Repurchase 11,200 shares of its own common stock (i.e., treasury stock) for $15 per share. Nov. 15 Reissue 5,700 shares of treasury stock at $16 per share. Dec. 1 Declare a cash dividend on its common stock of $148,500 ($1 per share) to all stockholders of record on December 15. The dividend is payable on December 31. Record each of these transactions. (Omit the "$" sign in your response.) Jul. 2, 2014 Cash 1276000 Additional paid-in capital 1,160,000 Common Stock 116,000 Sep. 10, 2014 Treasury Stock 168000 Cash 168000 Nov. 15, 2014 Cash 91200 Treasury Stock 85,500 Additional paid-in capital 5,700 Dec. 1, 2014 Dividends 148500 Dividends payable 148500 Dec. 31, 2014 Dividends payable 148500 Cash 148500 2. Great Adventures has net income of $166,000 in 2014. Retained earnings at the beginning of 2014 was $157,000. Prepare the stockholders equity section of the balance sheet for Great Adventures as of December 31, 2014. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.) GREAT ADVENTURES, INC. Balance Sheet (Stockholders Equity Section) December 31, 2014 Stockholders' equity: a) Common stock b) Additional paid-in capital c) Total paid-in capital Total paid-in capital: d) Retained earnings 174500 e) Treasury stock f) Total stockholders equity *** I was able to solve problem #1 already. I have not been able to successfully solve problem #2. I included my answers for problem #1. I was able to figure out d, but need help figuring out what the correct amounts are for a, b, c, e and f