Grouper Corp. was organized on January 1, 2022. It is authorized to issue 22,000 shares of 6%, $53 par value preferred stock and 456,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 68,000 shares of common stock for cash at $6 per share.
Mar.	1		Issued 1,160 shares of preferred stock for cash at $56 per share.
May	1		Issued 113,000 shares of common stock for cash at $7 per share.
Sept.	1		Issued 4,600 shares of common stock for cash at $4 per share.
Nov.	1		Issued 2,600 shares of preferred stock for cash at $57 per share.

NEED:

1.) Pots journal Entries.

2.) Post the stockholder's equity accounts.

3.) Create a Balance sheet.