Can you please give how each entry was calculated.

This is for practice so they key is given but I dont know how everything was derived.

Part 2: Short Answer Questions (55 points total) Question 1 (20 points) Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January 1, 2023: preferred stock, $100,000 ( $100 par value), common stock, $20,000 (\$1 par value); paid-in capital, $380,000; and retained earnings, $450,000. Net income for the year ended December 31,2023 , is $65,000. The following transactions affect stockholders' equity during 2023 : Required: Taking into consideration the beginning balances and all the transactions during 2023, respond to the following for Sweet Sixteen: Prepare the statement of stockholders' equity for the year ended December 31, 2023. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{\begin{tabular}{c} Sweet Sixteen \\ Statement of Stockholders' Equity \\ For the Year Ended December 31, 2023 \end{tabular}} \\ \hline & \begin{tabular}{r} Preferred \\ Stock \end{tabular} & \begin{tabular}{|r|} Common \\ Stock \end{tabular} & \begin{tabular}{l} Additional \\ Paid-in \\ Capital \end{tabular} & \begin{tabular}{|l|} Retained \\ Earnings \end{tabular} & \begin{tabular}{r} Treasury \\ Stock \end{tabular} & \begin{tabular}{|r|} Total \\ Stockholders' \\ Equity \end{tabular} \\ \hline \begin{tabular}{l} Balance, \\ January 1 \end{tabular} & $100,000 & $20,000 & $380,000 & $450,000 & $0 & $950,000 \\ \hline \begin{tabular}{l} Issued \\ common \\ stock \end{tabular} & & 3,000 & 63,000 & & & 66,000 \\ \hline \begin{tabular}{l} Issued \\ preferred \\ stock \end{tabular} & 500,000 & & 50,000 & & & 550,000 \\ \hline \begin{tabular}{|l} Cash \\ dividends \end{tabular} & & & & (53,000) & & (53,000) \\ \hline \begin{tabular}{l} Purchase \\ treasury \\ stock \end{tabular} & & & & & (36,000) & (36,000) \\ \hline \begin{tabular}{l} Reissue \\ treasury \\ stock \end{tabular} & & & 2,000 & & 18,000 & 20,000 \\ \hline \begin{tabular}{l} Net \\ income \end{tabular} & & & & 65,000 & & 65,000 \\ \hline \begin{tabular}{l} Balance, \\ December \\ 31 \end{tabular} & $600,000 & $23,000 & $495,000 & $462,000 & ($18,000) & $1,562,000 \\ \hline \end{tabular}