A company reported the following in its stockholders' equity section on its December 31, 2021 balance sheet:

Common stock (100,000 shares authorized,

$1 par value, 60,000 shares issued) $60,000

Additional paid-in capital 400,000

Total contributed capital 460,000

Retained earnings 700,000

Treasury stock 0

Total stockholders' equity $1,160,000

During 2022, the company had the following transactions/events:

1. The company reported net income of $20,000
2. The company declared a cash dividend of $4,000 on November 30, 2021
3. The date of record is December 7, 2021
4. The company paid the cash dividend on December 15, 2021
5. The company issued 8,000 shares of common stock, receiving $40,000
6. The company purchased 2,000 shares of treasury stock for $8,000
7. The company reissued 500 shares for $3,000

a. Provide journal entries for 2 through 7 above. If no entry is required, state this is the case.

b. What dollar amounts would be reported on the December 31, 2013 balance sheet for each of the following:

• Common stock
• Additional paid-in capital
• Retained earnings
• Treasury stock
• Total stockholders' equity