Can you explain the 175,000 for the paid in capital in excess of par-common? Also how to get 75,000 for retained earnings?

D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50.000 shares of 89 $50 par value cumulative preferred stock and 160.000 shares of 34 par value common stock. During the first month, D Mobile completed the following transactions (Click the icon to view the transactions.) Read the requirements # Requirement 1. Record the transactions in the general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct 2: Issued 19,000 shares of common stock for a building with a market value of $240.000 Date Accounts and Explanation Debit Credit Oct 2 Building 240,000 Common Stock -S4 Par Value 14,000 X 84 76,000 Paid-In Capital in Excess of Par-Common 164,000 Issued common stock for building Debit Credit Oct. 6: Issued 600 shares of preferred stock for $140 per share. Date Accounts and Explanation Oct. 6 Cash 600 X 5140 Preferred Stock 550 Par Value (JOX 150 Paid-in Capital in Excess of Par-Preferred 84,000 * 30,000 54,000 Issued preferred stock for cash. Debit Credit Oct. 9: Issued 11,000 shares of common stock for cash of $55,000 Date Accounts and Explanation Oct. 9 Cash Common Stock Par Value 11WOX54 Paid-In Capital in Excess of Par-Common 55,000 44,000 11,000 Issued common stock for cash Oct. 10: Declared a $10,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock Date Accounts and Explanation Debit Credit Oct. 10 Cash Dividends 19.000 Dividends PayablePreferred Dividends Payable--Comman 19,-0,400 16,600 2.400 Declared cash dividend Credit Oct 25 Accounts and Explanation Dividends Payable-Preferred Dividends Payable Common Cash Debit 2.400 16,600 19,000 Paid cash dividend Requirement 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2018. Assume D-Mobile's net income for the month was $94,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet) section of a D-Mobile Wireless LC Balance Sheet (Partial) Balance sheet October 31, 2018 Stockholders' Equity Paid-In Capital (1) Preferred Stock-8%, 550 Par Value: X 50.000||(2) shares authorized, 600 (3) shares issued and outstanding 30,000 SOYLU (4) Paid-In Capital in Excess of Par-Preferred 54,000 (5) Common Stock-$4 Par Value; 160,000 (6) shares authorized R30,000 (7) shares issued and outstanding 120,000 30,00 (8) Paid-In Capital in Excess of ParCommon 175.000 Total Paid-In Capital 379,000 (9) Retained Earnings 75,000 Total Stockholders' Equity 454,000 1: More Info Oct. 2 Issued 19.000 shares of common stock for a building with a market value of $240,000 6 Issued 600 shares of preferred stock for $140 per share. 9 Issued 11,000 shares of common stock for cash of $55,000 10 Declared a $19,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock 25 Paid the cash dividend. 2: Requirements 1. Record the transactions in the general journal 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2018. Assume D-Mobile's net income for the month was $94,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) seur 30,00 X34-130,00