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8 pls help!! Choctaw Company completed the following transactions in Year 1 , the first year of operation: 1. Issued 37,000 shares of $12 par

8 pls help!!
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Choctaw Company completed the following transactions in Year 1 , the first year of operation: 1. Issued 37,000 shares of $12 par common stock for $12 per share. 2. Issued 4,700 shares of $20 stated value preferred stock for $20 per share. 3. Purchased 2,700 shares of common stock as treasury stock for $14 per share. 4. Declared a $3,700 cash dividend on preferred stock. 5. Sold 2,000 shares of treasury stock for $16 per share. 6. Paid $3,700 cash for the preferred dividend declared in Event 4 . 7. Earned cash revenues of $112,000 and incurred cash expenses of $58,000. 8. Closed revenue, expense, and dividend accounts to the retained earnings account. 9. Appropriated $9,700 of retained earnings. Required a-1. Prepare journal entries to record these transactions. a-2. Post the entries to T-accounts. b. Prepare a balance sheet as of December 31 , Year 1

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