OOBLEM II: 45 POINTS USE EITHER EXCEL OR PAPER (SHOW ALL WORK ON OW CAME UP WITH AMOUNTS IN THE JOURNAL ENTRIES SO I CAN SEE IT) ound to nearest dollar. DO NOT TYPE INTO MOODLE. USE THE SHEET IPOSTED N MOODLE TO DO THE STATEMENT. On January 1, 2022, MaryKay's Stockholders' equity accounts are as follows: Common Stock $3 par ( 120,000 shares authorized, 55,000 shares issued) $165,000 PIC in Excess par - Common Stock $130,000 Retained Earnings $580,000 Treasury Stock (8,000 shares at cost )$80,000 The following transactions occurred during the year: 1/05: Declared a cash dividend of $1.10 per share on the common stock outstanding. 2/10: Paid the cash dividend that was previously declared on 1/05. 324: Issued 12,000 shares of common stock for $12 per share. 5/23: Reissued 4,500 shares of the treasury stock at $15 per share. 8/01: The directors declared a 2% stock dividend to be distributed on 10/15. The market value is $40 per share on this date. 10/15: Distributed the Stock Dividend declared on 8/01. 11/17: Reissued the remaining 3,500 shares of treasury stock for $8 per share. 12/30: Declared a cash dividend of $1.20 per share on the common stock outstanding. The dividend will be paid next year. 12/31: Closed the 55,000 credit balance of the income summary account. 12/31: Closed the dividends accounts. REQUIRED: 1. Complete the journal entries for the above transactions 2. Complete the statement of stockholders equity