During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $6,200$ shares of common stock for $$43,400.$

Mar. $20$ Purchased $3,200$ additional shares of common treasury stock at $$7$ per share.

Oct. $1$ Declared a $8\%$ cash dividend on preferred stock, payable November $1.$

Nov. $1$ Paid the dividend declared on October $1.$

Dec. $1$ Declared a $$0\mathrm{.}85$ per share cash aividend to common stockholders of record on December $15,$ payable December $31,2027.$

Dec. $31$ Paid the dividend declared on December $1.$

$($a$)-($b$)$

$($a$)$ Prepare a tabular summary that includes the January $1,2027,$ balances. Do not include the beginning balance in Retained

$($b$)$ Record the $2027$ transactions in the tabular summary.

The stockholders' equity accounts of Wildhorse Corporation on January $1,2027,$ were as follows.