Need Help Completing the Journal Entries and Statement of Stockholders' Equity using the Light Corporation's balance sheet at January 1.

Required a. Prepare journal entries to record the foregoing transactions. b. Prepare a statement of stockholders' equity. Net income for the year is $200,000. Journal Entries Statement of Stockholders' Equity Note: Use negative signs with your answers when appropriate (reduction to retained earnings, acquired treasury stock and treasury stock balances)