I dont get this at all

Sun Corporation received a charter that authorized the issuance of 90,000 shares of $4 par common stock and 20,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: Year 1 Jan. 5 Sold 13,500 shares of the $4 par common stock for $6 per share. 12 Sold 2,000 shares of the 5 percent preferred stock for $135 per share. Apr. 5 Sold 18,000 shares of the $4 par common stock for $8 per share. Dec.31 During the year, earned $311,300 in cash revenue and paid $241,800 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 3,000 shares of the $125 par preferred stock for $145 per share. May 5 Purchased 500 shares of the common stock as treasury stock at $8 per share. Dec.31 During the year, earned $245,400 in cash revenues and paid $175,700 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1. c. Prepare the balance sheet at December 31, Year 2. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there the account title. Leave the cell blank if there is no effect.) Event Assest Year 1 Jan 5 Jan 12 Apr.5 Dec.31 Dec 311 Dec 31 Bal Year 2 Feb. 15 Mar 3 May 5 Dec.31 Dec 31 Dec 31 Bal Cash 0 E 0 Liabilities Dividends Payable 0 Preferred Stock 0+ Common Stock SUN CORPORATION Accounting Equation + + + + 0+ + + 0+ Stockholders' Equity Paid-in Capital in Excess of Preferred Stock 0 0+ + Paid-in Capital in Excess of Common Stock 0 Treasury Stock Retained Earnings Required B 0 0 > Account Titles for Retained Earnings Prepare the stockholders' equity section of the balance sheet at Decem Stockholders' equity Total paid-in capital SUN CORPORATION Balance Sheet (Partial) As of December 31, Year 1 Total stockholders' equity $ 0 0 Assets Total assets Liabilities Total liabilities Stockholders' equity Total paid-in capital Negative amount should be indicated SUN CORPORATION Balance Sheet As of December 31, Year 2 Total stockholders' equity Total liabilities and stockholders' equity