I need help with final entry of year $2$

Sun Corporation received a charter that authorized the issuance of $98,000$ shares of $$8$ par common stock and $20,000$ shares of $$100$ par, $7$ percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:

Year $1$

January $5$ Sold $14,700$ shares of the $$8$ par common stock for $$10$ per share.

$12$ Sold $2,000$ shares of the $7$ percent preferred stock for $$110$ per share.

April $5$ Sold $19,600$ shares of the $$8$ par common stock for $$12$ per share.

December $31$ During the year, earned $$311,400$ in cash revenue and paid $$244,200$ 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 $2$

February $15$ Paid the cash dividend declared on December $31,$ Year $1.$

March $3$ Sold $3,000$ shares of the $$100$ par preferred stock for $$120$ per share.

May $5$ Purchased $450$ shares of the common stock as treasury stock at $$16$ per share.

December $31$ During the year, earned $$248,700$ in cash revenues and paid $$178,400$ for cash operating expenses.

$31$ Declared the annual dividend on the preferred stock and a $$0\mathrm{.}50$ per share dividend on the common stock.SUN CORPORATION

Accounting Equation