Can someone answer b and c.

I attached the whole problem and completed part a.

Problem 12.6A, page 551 At the beginning of 2011, Thompson's service Inc showed the following amounts in the stock holder's equity section of its balance sheet. Stock holders equity Capital stock, $1 par value 500,000 shares authorized 382,000 issued and outstanding Additional paid in capital: capital stock Total paid in capital Retained earnings Total stockholders' equity 382,000 4,202,000 4,584,000 2,704,600 7,288,600 The transactions relating to stockholders equity during the year are as follows: Jan 3 Declared a dividend of $1 per share to stockers of record on January 31, payable on Feb 15 Feb 15Paid the cash dividend declared on Jan 3. Apr 12 The Corporation purchased 6,000 share of its own capital stock at a price of $40 per share. May 9 Reissued 4,000 shares of the treasury stock at a price of $44 per share. June 1 Declared a %5 stock dividend to stockholders of record at June 15, to be distributed on June 30. The market price of the stock at June 1 was $42 per share. The 2,000 shares remaining in the treasure do not participate I net stock dividend. June 30 Distributed the stock dividend declared on June 1. Aug 4 Reissued 600 of the 2,000 remaining shares f treasure stock at a price of $37 per share. Dec 31 The income summary account showing net income for the year of 1,928,000 Was declared into the retained earnings account. Dec 31 The 382,000 balance in the dividends account was closed into the retained earnings account. a. Prepare in general journal form the entries to record the above transactions. JAN 3 DIVIDENDS 382,000 DIVIDENDS PAYABLE To record declaration of $1 per share cash dividend payable on Feb. 15 to stockholders of record on Jan 31. FEB 15 DIVIDENDS PAYABLE 382,000 382,000 CASH To record payment of dividend declared Jan 3. 382,000 APR 12 TREASURY STOCK 240,000 CASH Purchased 6,000 shares of treasury stock at $40 per share. MAY 9 CASH 240,000 176,000 TREASURY STOCK ADDITIONAL PAID IN CAPITAL: TREASURY STOCK Sold 4,000 shares of treasury stock which cost $160,000 at a price of $44 per share. JUNE 1 RETAINED EARNINGS 798,000 STOCK DIVIDEND TO BE DISTRIBUTED ADDITIONAL PAID IN CAPTIAL: STOCK DIVIDEND Declared a 5% stock dividend 19,000 shares on 380,000 Outstanding shares. Market price of $42 par value $1. To be Distributed on June 30 to stockholders of record at June 15. JUNE 30 STOCK DIVIDEND TO BE DISTRUBUTED CAPITAL STOCK Issued 19,000 shares of capital stock as 5% stock Dividend declared June 1. 22,200 DEC 31 INCOME SUMMARY RETAINED EARNINGS To close income summary account for the year. 1,928,000 DEC 31 RETAINED EARNINGS DIVIDENDS To close dividends account. 19,000 779,000 19,000 AUG 4 CASH ADDITIONAL PAID IN CAPITAL: TREASURE STOCK TRANSACTIONS TREASURY STOCK Sold 600 shares of treasury stock which cost 24,000 at a price of 37 per share. 160,000 16,000 382,000 19,000 1,800 24,000 1,928,000 382,000 b. Prepare the stockholder's equity section of the balance sheet at dec 31. Use the format illustrated in exhibit 12-6. Include a supporting schedule showing your computation of retained earnings at that date. c. Compute the maximum cash dividend per share that legally could be declared at dec 31. Without impairing the paid in capital of Thompson service. Hint the availabilty of retained earnings for dividends is restricted by the cost of treasured stock owned