As of January 1, 2019, Vector Clothing has $600,000 in retained earnings, 200,000 preferred shares ($2 dividend) with an average issue price of $6 and 300,000 common shares with an average issue price of $10. During the year, the following transactions occurred.

1. 350,000 common shares are issued for $9 a share.
2. 15,000 preferred shares are issued for $22 per share.
3. A three for one stock split is declared on the common shares.
4. The full annual dividend on the preferred shares is declared and paid.
5. A dividend of $0.10 per share is declared on the common shares but is not yet paid.
6. The dividends on the common shares are paid.
7. A 5% stock dividend is declared on the common shares. The shares' market price was $4.50 on the date of declaration.
8. The stock dividend is distributed. The shares market price was $5.00 on the date of issuance.

a. Write the journal entries for the above transactions. All entries arc whole dollar amounts, unless otherwise indicated. If no entry required, state the reason.

b. Determine the 2019 year-end balance in the preferred shares, common shares and retained earnings accounts.