please help figure out answers to the questions with red x next to them.

The stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $6 par value, 300,000 shares authorized, 60,000 shares 360,000 issued, 6,000 shares in treasury Additional paid-in capital In excess of par value 600,000 From treasury stock 637,500 Retained earnings 435,000 1,432,500 Less: Treasury stock (6,000 shares) at cost 172.500 Total StockholdersTM Equity 1,260,000 37,500 The following transactions affecting stockholders equity occurred during the year: Jan. 8 Issued 15,000 shares of previously unissued common stock for $26 cash per share. Mar. 12 Sold all of the treasury shares for $35 cash per share. June 30 Declared a five percent stock dividend on all outstanding shares of common stock. The market value of the stock was $31 per share. July 10 Issued the stock dividend declared on June 30. Oct. 7 Acquired 2,500 shares of common stock as treasury stock at $33 cash per share. Dec. 18 Declared a cash dividend of $1.00 per outstanding common share, payable on January 9 to stockholders of record on December 31. Required a. Prepare journal entries to record the foregoing transactions. b. Prepare a statement of stockholders equity. Net income for the year is $426,250. Journal Entries Statement of Stockholders' Equity $ Debit 390000 $ 0 Credit 0 90000 300000 0 210000 0 0 172500 0 37500 X 0 0 OX 0 OX General Journal Date Description Jan.8 Cash Common Stock Paid-in-Capital in Excess of Par Value Issued shares of common stock. Mar.12 Cash Treasury Stock Paid-in-Capital from Treasury Stock Sold shares of treasury stock. Jun.30 Stock Dividends Stock Dividend Distributable Paid-in-Capital in Excess of Par Value Declared stock dividend. Jul.10 Stock Dividend Distributable Common Stock Issued shares of common stock declared as dividend. Oct.7 Treasury Stock Cash Purchased shares of common stock for treasury. Dec. 18 Cash Dividends Dividends Payable Declared cash dividend. Dec.31 Income Summary Retained earnings To close the income summary account. Dec.31 Retained earnings Stock dividends 22500 X 0 0 22500 x 82500 0 82500 0 72500 x 0 72500 X 426250 0 426250 0 188750 X 0 0 72500 x 116250 X 0 Cash Dividends To close the dividend accounts