I just need help with the last part of the question!!

Metlock Company reported the following amounts in the stockholders' equity section of its December $31,2024,$ balance sheet.

Preferred stock, $10\%,$$$100$ par$(10,000$ shares authorized, $2,200$ shares issued$)$ $$220,000$

During $2025,$ Metlock took part in the following transactions concerning stockholders' equity.

Paid the annual $2024$$$10$ per share dividend on preferred stock and a $$2$ per share dividend on common stock. These

dividends had been declared on December $31,2024.$

Purchased $1,700$ shares of its own outstanding common stock for $$42$ per share. Metlock uses the cost method.

Reissued $800$ treasury shares for land valued at $$34,600.$

Issued $460$ shares of preferred stock at $$105$ per share.

Declared a $10\%$ stock dividend on the outstanding common stock when the stock is selling for $$45$ per share.

Issued the stock dividend.

Declared the annual $2025$$$10$ per share dividend on preferred stock and the $$2$ per share dividend on common stock. These

dividends are payable in $2026.$ V Your answer is correct.

Prepare journal entries to record the transactions described above. $($List all debit entries before credit entries. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Credit

Dluldends Fayable $-$ Preferred Stock

$[$

$34600$

$60200$

$$

Pald$-$In Capltal from Treasury Stock

$48300$

$33600$

Pald$-$In Capital In Excess of Par $-$ Preferred Stock $,$

$1|$

$1000$

$81900$

Common Stock Dlvidend Distrlbutable

Fald$-$In Capltal In Excess of Par $-$ Common Stock

$1$

$1$

Common Stock

$7.$

Retalned Earnings

$66640$

Dluldends Payable $-$ Preferred Stock

$]$

$1$ Your answer is partially correct.

Prepare the December $31,2025,$ stockholders' equity section. Assume $2025$ net income was $$314,000.($Enter account name only

$.$Do not provide any descriptive information.$)$

METLOCK COMPANY

Stockholders' Equity

December $31,2025$

Capital Stock

Preferred Stock

Common Stock

Total Capital Stock

Additional Paid$-$in Capital

Retained Earnings

Total Paid$-$in Capital and Retained Earnings

Total Stockholders' Equity

$ Prepare the December $31,2025,$ stockholders' equity section. Assume $2025$ net income was $$314,000.($Enter account name only

$.$Do not provide any descriptive information.$)$

METLOCK COMPANY

Stockholders' Equity

December $31,2025$

$

$$al Paid$-$in Capital

$\begin{array}{cc}E& -\\ -& 1\end{array}$

$$

$