ChwelveCo was incorporated on January $1$ of Year $1.$ Below are a number of equity$-$related transactions made by ChwelveCo in Year $1.$

February $11$: Issued $200,000$ shares of common stock with a par value of $$1$ at a price of $$\frac{14}{?}$ share

February $27$: Issued $5,000$ shares of preferred stock with a par value of $$100$ at a price of $$\frac{200}{?}$ share. They have a dividend rate of $$\frac{3}{?}$ share.

June $18$:

July $7$ :

Repurchased $10,000$ shares of common stock for $$\frac{8}{?}$ share

July $8$ : Declared a cash dividend on all outstanding shares of preferred stock

August $17$:

Declared a $$\frac{15}{?}$ share cash dividend on all outstanding shares of common stock Resold the $10,000$ shares that had previously been repurchased on June $18.$ The total cash received from this sale of stock was $$100,000.$

September $25$: Paid the cash dividend to preferred stockholders January $1$

of Year $2$:

Paid the cash dividend to common stockholders

Other information:

ChwelveCo's Net Income for Year $1$ was $$5,000,000.$

a$.$ Record the appropriate journal entry for each of the transactions given above

b$.$ Prepare the Owners' Equity portion of ChwelveCo's balance sheet as of December $31$ Year$1.$

c$.$ What is the total number of common shares outstanding on December $31$ of Year $1?$