I have worked thru the problem but made mistakes.

Problem 11-23A Recording and reporting stock transactions and cash dividends a The following information applies to the questions displayed below Sun Corporation received a charter that authorized the issuance of 106,000 shares of $8 par common stock and 20,000 shares of $125 par, 5 percent cumulative preterred stock Sun Corporation completed the following transactions during its first two years of operation 2016 Jan. 5 Sold 15,900 shares of the $8 par common stock for $10 per share. Apr. 5 Sold 21,200 shares of the $8 par common stock for $12 per share Dec. 31 During the year earned $307.200 in cash revenue and paid $235.300 for cash operating 12 Sold 2,000 shares of the 5 percent preferred stock for $135 per share expenses 31 Declared the cash dividend on the outstanding shares of preferred stock for 2016. The dividend will be pald on February 15 to stockholders of record on January 10, 2017 31 Closed the revenue, expense, and dividend accounts to the retained earnings account 2017 Feb 15 Paid the cash dividend declared on December 31, 2016. Mar 3 Sold 3,000 shares of the $125 par preterred stock for $145 per share May 5 Purchased 500 shares of the common stock as treasury stock at $16 per share Dec. 31 During the year earned $245,900 in cash revenues and pald $171.800 for cash operating expenses 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. 31 Closed revenue, expense, and dividend accounts to the retained earnings account Problem 11-23A Recording and reporting stock transactions and cash dividends across two accoun cycles LO 11-2, 11-3, 11-4 Section Break value 12.00 points Problem 11-23A Part a