Hello! Can you please help me to understand the question in the attached document (21)? I am struggling with it and am completely desperate :( I have also attached the blank entry for reference. Thank you so much in advance for your assistance - I can't tell you how much I appreciate it!

Omit all general journal entry explanations. Be sure to include correct dollar signs, commas, underlines, and double-underlines where required. Question 21 (20 points) On January 1, 2019, Ziggy Corp. had the following balances (all balances are normal): Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares . uthorized, 6,000 shares issued and outstanding) Common Stock ($5 par value, 200,000 shares authorized, 100,000 hares issued and outstanding) Paid-in Capital in Excess of par, Common Retained Earnings The following events occurred during 2019: a. On January 1, Ziggy Corp. declared a 5% stock dividend on its common stock when the market value of the common stock was $13 per share. Stock dividends were distributed on January 31 to shareholders as of January 25. b. On February 15, Ziggy Corp. reacquired 1000 shares of common stock for $13.50 each. c. On March 31, Ziggy Corp. reissued 250 shares of treasury stock for $17 each. d. On July 1, Ziggy Corp. reissued 250 shares of treasury stock for $12 each. e. On October 1, Ziggy Corp. declared full year dividends for preferred stock and a. On January 1, Ziggy Corp. declared a 5% stock dividend on its common stock when the market value of the common stock was $13 per share. Stock dividends were distributed on January 31 to shareholders as of January 25. b. On February 15, Ziggy Corp. reacquired 1000 shares of common stock for $13.50 each. c. On March 31, Ziggy Corp. reissued 250 shares of treasury stock for $17 each. d. On July 1, Ziggy Corp. reissued 250 shares of treasury stock for $12 each. e. On October 1, Ziggy Corp. declared full year dividends for preferred stock and $2.00 cash dividends for outstanding shares and paid shareholders on October 15. f. On December 15, Ziggy Corp. split common stock 2 shares for 1. g. Net Income for 2019 was $300,000. Requirements: a. Prepare journal entries for the transactions listed above. b. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2019 (after taking into consideration your journal entries)Question 21: 20 points + a. General Journal Entries b. Partial Classified Balance Sheet Date Account Debit Credit