Could you please help me understand how best to approach the solving for part a and b of this question below using the information and templates provided? Showing work and math is helpful, too! Thank you!

Analyzing and Identifying Financial Statement Effects of Stock Transactions

The stockholders equity section of Gupta Company at December 31, 2014, follows.

8% preferred stock, $25 par value, 50,000 shares authorized;
6,800 shares issued and outstanding	$170,000
Common stock, $10 par value, 200,000 shares authorized;
50,000 shares issued and outstanding	500,000
Paid-in capital in excess of par valuepreferred stock	68,000
Paid-in capital in excess of par valuecommon stock	200,000
Retained earnings	270,000

During 2015, the following transactions occurred:

Jan. 10	Issued 28,000 shares of common stock for $17 cash per share.
Jan. 23	Purchased 8,000 shares of common stock for the treasury at $19 cash per share.
Mar. 14	Sold one-half of the treasury shares acquired January 23 for $21 cash per share.
July 15	Issued 3,200 shares of preferred stock for $128,000 cash.
Nov. 15	Sold 1,000 of the treasury shares acquired January 23 for $24 cash per share.

(part a) Using the financial statement effects template, illustrate the effects of each transaction.

(part b) Prepare the December 31, 2015, stockholders equity section of the balance sheet assuming the company reports 2015 net income of $59,000. Enter number of shares issued for each stock type. Hint: Do not use negative signs with answers.