PLEASE ANSWER BOTH QUESTIONS

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 60,000 shares of common stock authorized, and 4,000 shares have been reacquired Common Stock, $60 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $2,160,000 684,000 1,123,000 21,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Tota Total Stockholders' Equity Retained Earnings Statement Zippy Zap Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1, 20Y8 Net income Cash dividends declared Stock dividends declared Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9 $2,294,500 619,500 187,000 482,000 Zippy Zap Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 20Y9