Johnson Analytics, Inc. began business on January 1, 2023. Johnson incorporated in the state of Delaware. The incorporation filing provided that Johnson was authorized to issue 2,000,000 common shares with a par value of $5 per share. During 2023, the following events occurred.

January 10, 2023 Johnson sold 400,000 common shares for $10 per share.

February 1, 2023 Johnson purchased a building by exchanging 40,000 shares of common stock. The building was appraised at $420,000 on the date of the exchange. The market price for Johnson's common stock was not available.

March 1, 2023 Johnson declared and paid a 10% stock dividend to shareholders of record. The Johnson stock price was estimated to be $13 on March 1st. Because the declaration date and payment date are the same, use only one journal entry.

April 1, 2023 On April 1, 2023, Johnson purchased 5,000 common shares from the market for $48,000. It is Johnson's intent to reissue these shares into the market at a later date.

May 1, 2023 On May 1, 2023, the Board of Directors of Johnson Analytics declared a $0.50 per share cash dividend to shareholders of record on May 15, 2023, and the dividend will be paid on June 1, 2023.

July 1, 2023 On July 1, 2023, Johnson sold 2,000 common shares, held in Treasury stock into the market and received $25,500.

December 31, 2023 For year ended, December 31, 2023, Johnson Analytics had a net income of $625,000, no journal entry required.

Required: 1) Prepare the required journal entries for January 1 through July 1, 2023 listed above. 2) Prepare a December 31, 2023 Statement of Stockholders' Equity, use page 1078 as a guide.