On January 1, 2022, Intermediate Accounting II Company reported the following stockholders' equity: Common Stock, $5 par (310,000 shares authorized, $ 625,000 ?? shares issued and outstanding) Additional Paid-in Capital in Excess of Par - Common 400,000 Retained Earnings 800,000 Total Stockholders' Equity $ 1,825,000 IA2 engaged in the following transactions during 2022: On February 1, issued 75,000 shares of common stock for $8 per share. Issuance fees cost 2%. On April 1, the company authorized 100,000 shares of 5% cumulative preferred stock - $10 par. On May 1, the company repurchased 40,000 shares of common stock for $10 per share. On August 1, the company issued 50,000 shares of 5% cumulative preferred stock - $10 par for $580,000. On October 1, the company resold 25,000 shares of common stock for $12 per share. On December 31, the company paid dividends of $89,000. On December 31, the company recorded net income of $310,200. Prepare the journal entries to record the above transaction (7 points). Prepare the December 31, 2022 Statement of Stockholders' Equity (10 points). Calculate Intermediate Accounting II's Earnings per Share for 2020 (9 points). Your answer must be completed using Excel calculations