I need the completion of part number 1 of the question and the entire part 2

Required information [The following information applies to the questions displayed below.] Little League Apparel has two classes of stock authorized: 5%,$10 par preferrod, and \$1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2. Issue 100,000 shares of conion stock for \$66 per share. February 14 Issue 56,000 shares of preferred stock for $11 per share. May 8 Purchase 10,000 shares of its oun corron stock for $56 per share. Hay 31 flese11 5,000 shares of treasury stock for $61 per share. Decenber 1 Declare a.cash dividend on its coenon stock of 10,45 per share and a $20, oiv (5. of par value) cash dividend on its peeferred stock payable to all stackholdees of record on Decenber 15. The diyidend is payable on Decenber 30, (Hint) Dividends are not paid on treasury stock.) Deceaber 30 pay the cash dividends declared on Decenber 1. Required information Part 1 of 2 4 Mc Graw Hill Return to question (1) Required information 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was $486,000. (Amounts to be deducted should be indicated by a minus sign.)