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Can show workings please so I can where I go wrong

Milton Company's charter authorizes 1,000,000 shares of common stock and 400.000 shares of preferred stock. In its first year of operations during 2018, the company presented the following transactions Issued 5.000 shares of common stock. Stock has par value of 0.01 per share and was issued at $30 per share Eamed Net income $200,000 Paid dividends of $5 per share Required. 1 Prepare the joumal entry to record the following: a common stock shares issued b. Close out net income to retained eamings Dividend paid d ose out dividend to retained earnings Kabul Adable Hd No Spath. Heading1 Heading the Aalce 1 Normal Paragraph Styles 2. Prepare the Stockholders equity section of the company's balance sheet at December 31, 2018 and include the following information . . information on par values the number of shares authorized and issued where necessary and the sub total for the total paid in capital total stockholders' equity