CAN YOU PLEASE HELP ME SOLVE THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY

Elroy Corporation repurchased 2,800 shares of its own stock for $25 per share. The stock has a par of $20 per share. A month later, Elroy resold 700 shares of the treasury stock for $33 per share. Required What is the balance of the Treasury Stock account after these transactions? Balance of treasury stock M uue pereneu dividends LO 11-3 When Crossett Corporation was organized in January Year 1, it immediately issued 4,400 shares of $53 par, 7 percent, cumulative preferred stock and 11,500 shares of $7 par common stock. Its earnings history is as follows: Year 1. net loss of $12.100 Year 2.net income of $114.000; Year 3, net income of $80,400. The corporation did not pay a dividend in Year 1 Required a. How much is the dividend arrearage as of January 1. Year 2? Dividend arrearage b. Assume that the board of directors declares a $50,648 cash dividend at the end of Year 2 (remember that the Year 1 and Year 2 preferred dividends are due). How will the dividend be divided between the preferred and common stockholders? (Amounts to be deducted should be indicated with minus sign.) Distributed to Shareholders Total dividend declared Year 1 Arrearage Year 2 Preferred dividends T Distributed to common $ 0 $ 0