I have the following problem below; I believe part 1 is complete and correct, I just need part 2 filled in.. if I am missing any info in part 1, please let me know, thanks :)

[The following information applies to the questions displayed below.] Little League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110,000 shares of common stock for $54 per share. February 14 Issue 44,000 shares of preferred stock for $12 per share. May 8 Purchase 11,000 shares of its own common stock for $44 per share. May 31 Resell 5,500 shares of treasury stock for $49 per share. December 1 Declare a cash dividend on its common stock of $0.45 per share and a $26,400 (6\% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. equired: Record each of these transactions. lote: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was $474,000 Note: Amounts to be deducted should be indicated by a minus sign