I need help with this question problem C. Last page is teachers example on what it should look. TIA

prab only below On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Common Stock ($20 par value, 60,000 shares issued and outstanding) ... 1,600,000 Paid-in Capital in Excess of Par-Common Stock 240,000 Retained Earnings 750,000 During the year, the following transactions occurred: Feb 01 Declared a $1 cash dividend per share to shareholders of record Feb 15, payable Mar01 Mar 01 Paid the dividend declared on Feb01. July 01 Declared a 15% stock dividend to stockholders of record on July 15, distributable July31. (On July01 the market price of the stock was $25 per share.) July 31 Issued the shares for the stock dividend declared on July01. Dec 01 Declared a $1 per share dividend to stockholders of record on Dec 15, 2016, payable on Jan05, 2017 Dec 31 Determined the net income for the year was $500,000 The market price of the common stock n this date was $32. Instructions w ournalize the transactions and the closing entries-for-net income and dividends in Enter the beginning balances and post the entries to the sleekhelders-equity accents (Note: Open-additional stockholders-equity accounts as needed (c) Prepare a stockholders' equity section of the Balance Sheet at December 31, 2017. The data you need to complete instruction (c) is in the completed "Instruction (b)" below. (c) Prepare a stockholders' equity section of the Balance Sheet at December 31, 2017. The data you need to complete instruction (c) is in the completed "Instruction (b)" below. Instruction (b) ... Already Completed for You ... you're welcome. Common Stock 1 Bal. 1,600,000 7131 240,000 Retained Earnings 12/31 300,000 111 Bal. 750,000 12/31 172,00 12/31 500,000 0 12/31 Bal. 778,000 12/31 Bal. 1,840,000 Paid-in Capital in Excess of Par Value 1/1 Bal. 240,000 17/1 60,000 12/31 Bal. 300,000 Common Stock Dividends Distributable 7/31 240,000 711 240,000 12/31 Bal. -0- Cash Dividends Stock Dividends 2/1 80,000 7/1 300,000 12/1 92,000 12/31 172,000 12/31 300,000 12/31 Bal. --0- 12/31 Bal. -0- Problem 11-4B ... working papers (c) Lamar Corporation Partial Balance Sheet December 31, 2017 Stockholders' equity Paid-in capital Ref. Debit Credit Common Stock Date Explanation Jan. 1 Balance Apr. 1 2 for 1 split - par $10 July 31 Balance 1,200,000 120,000 1,320,000 Common Stock Dividends Distributable Date Explanation Ref. Debit Credit Balance July 1 120,000 120,000 31 120,000 Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 200.000 July 1 36,000 236,000 Retained Earnings Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 600,000 Dec. 31 Net income 350,000 950,000 Stock dividend 156,000 794,000 Cash dividend 126,000 668,000 Cash Dividends Date Explanation Ref. Debit Credit Balance Feb. 1 60,000 60,000 Dec. 1 66,000 126,000 Dec. 31 126,000 o Stock Dividends Date Explanation Ref. Debit Credit Balance July 1 156,000 156,000 Dec. 31 156,000 0 GEFFREY PROBLEM 11-4A (C) CORPORATION Balance Sheet (Partial) December 31, 2017 Stockholders' equity Paid-in capital Capital stock Common stock, $10 par value, 132,000 shares issued and outstanding $1,320,000 Additional paid-in capital In excess of par-common stock 236,000 Total paid-in capital 1,556,000 Retained earnings 668.000 Total stockholders' equity $2.224.000