Could you help me with this. Step by Step so I know what I am doing. I am just very lost with this course. =(

Entries for selected corporate transactions Instructions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 2016, are as follows: Common stock, $20 stated value 500,000 $7,660,000 shares authorized, 383,000 issued PaidIn Capital in Excess of Stated Value 957,500 Common Stock Retained Earnings 35,012,000 Treasury Stock (25,700 shares, at cost) 462,600 The following selected transactions occurred during the year: Jan. 22 Paid cash dividends of $0.06 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $21,438. Apr. 10 Issued 77,000 shares of common stock for $23 Jun. 6 Sold all of the treasury stock for $27 per share. Jul. 5 Declared a 3% stock dividend on common per share. stock, to be capitalized at the market price of the stock, which is $26 per share. Aug. 15 Issued the certificates for the dividend declared Nov. 23 Purchased 33,000 shares of treasury stock for Dec. 28 Declared a $0.08pershare dividend on on July 5. $20 per share. common stock. 31 Closed the credit balance of the income summary account, $1,196,500. 31 Closed the two dividends accounts to Retained Earnings. Required: A. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. B. Journalize the entries to record the transactions, and post to the eight selected accounts. No post ref is required in the journal. Refer to the Chart of Accounts for exact wording of account titles. C. Prepare a retained earnings statement for the year ended December 31, 2016. Enter all amounts as positive numbers. The word \"Less\" is not required.* D. Prepare the Stockholders' Equity section of the December 31, 2016, balance sheet. \"Less\" or \"Deduct\" will automatically appear if it is required. * * Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Chart of Accounts Amount Descriptions Amount Descriptions Cash balance, July 31, 2016 Common stock, $20 stated value 500,000 shares authorized, 383,000 issued Common stock, $20 stated value 500,000 shares authorized, 440,800 issued Common stock, $20 stated value 500,000 shares authorized, 473,800 issued Decrease in retained earnings Dividends Excess of issue price over stated value For the Year Ended December 31, 2016 From sale of treasury stock Increase in retained earnings Net income Net loss Retained earnings Retained earnings, December 31, 2016 Retained earnings, January 1, 2016 Total Total paidin capital Total stockholders' equity T Accounts A. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. Post the journal entries from part B to the eight selected accounts. No post ref is required in the journal. Journal B. Journalize the entries to record the transactions. No post ref is required in the journal. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL DATE DESCRIPTION POST. REF. 1 2 4 5 6 7 8 CREDIT 3 DEBIT 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Retained Earnings Statement C. Prepare a retained earnings statement for the year ended December 31, 2016. Enter all amounts as positive numbers. The word \"Less\" is not required. Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Morrow Enterprises Retained Earnings Statement For the Year Ended December 31, 2016 1 2 3 4 5 Stockholders' Equity D. Prepare the Stockholders' Equity section of the December 31, 2016 balance sheet. \"Less\" or \"Deduct\" will automatically appear if it is required. Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Stockholders' Equity 1 Paid-in capital: 2 3 4 5 6 7 8 9