just trying to figure out how to get the dividends payable, thanks!

Sun Corporation received a charter that authorized the issuance of 112,000 shares of $6 par common stock and 19,000 shares of $100 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: Year 1 Jan. 5 Sold 16,800 shares of the $6 par common stock for $8 per share. 12 Sold 1,900 shares of the 6 percent preferred stock for $110 per share. Apr. 5 Sold 22,400 shares of the $6 par common stock for $10 per share. Dec.31 During the year, earned $315,500 in cash revenue and paid $238,600 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 Feb. 15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 2,850 shares of the $100 par preferred stock for $120 per share. May 5 Purchased 450 shares of the common stock as treasury stock at $12 per share. Dec.31 During the year, earned $248,700 in cash revenues and paid $177,700 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1 c. Prepare the balance sheet at December 31, Year 2 SUN CORPORATION Accounting Equation Stockholders' Equity Event Assest Liabilities + Cash Dividends Payable Preferred Stock Common Stock Paid in Capital in Excess of Preferred Stock Paid-In Capital in + Excess of Common Stock Treasury Stock Retained Earnings Account Titlos for Retained Earnings 100,800 33,600 190,000 19,000 Year 1 Jan.5 Jan 12 Apr 5 Dec.31 Dec 31 Dec.31 Bal 134.400 209,000 224,000 315,500 (238.600) 134,4001 89,600 + + 315,500 Service revenue (238,600) Operating expenses Dividends 76.900 + 644.300 0 190,000 235,200 19.000 + 123,200 0