Equity section of Sol Corporation shows the following on January $1,2022.$

Shares Ordinary $-$ Ordinary, $$1$ par value $100,000$ shares authorized,

During the year, the company had following transactions occurred:

Mar. $1$ Issued $10,000$ ordinary shares for $$90,000.$

Jun. $1$ Acquired $5,000$ shares of its shares for the treasury at $$10$ per share

Sep. $1$ Sold $2,000$ shares of Treasury shares at $$11$ per share

Dec $1$ Declared a cash dividend of $$1\mathrm{.}0$ per share to shareholders of record on Dec $15.$

Dec $20$ Sold $2,000$ shares of Treasury shares at $$8$

Dec $30,$ Paid cash dividend.

Instructions

Prepare journal entries to record the above transactions.

Company had net income of $$150,000$ in $2022.$ Please prepare the equity section of

balance sheet as of December $31,2022.$