please help with balance sheet last one

thanks

Required 1. Record each of these transactions. (f no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit anuary , Cash 6,360,000 2018 Common stock 120,000 6,240,000 Additional paid-in capital February 14 2018 Cash 559,000 430,000 129,000 Preferred stock Additional paid-in capital 2 May 08, 2018 Treasury stock 516,000 Cash 516,000 2 May 31, 2018 Cash 288,000 Treasury stock Additional paid-in capital 258,000 30,000 December 01 62,800 2018Dividends Dividends payable 62,800 December 15 2018 No journal entry required December 30 2018 Dividends payable 62,800 Cash 62,800 Required Information The following information applies to the questions displayed below.] Major League Apparel has two classes of stock authorized: 4%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, its first year of operations: January 2 Issue 120,000 shares of common stock for $53 per share. February 14 Issue 43,000 shares of preferred stock for $13 per share. May 8 Repurchase 12,000 shares of its own common stock for $43 per share May 31 Reissue 6,000 shares of treasury stock for $48 per share. December 1 Declare a cash dividend on its common stock of $0.40 per share and a $17,200 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. Net income for the year was $473,000. (Amounts to be deducted should be indicated by a minus sign.) MAJOR LEAGUE APPAREL Balance Sheet Stockholders' Equity Section) December 31, 2018 Stockholders' equity: Preferred stock Common stock Additional paid in capital $430,000 120,000 Total paid-in capital Retained earnings Treasury stock 550,000 Total stockholders' equity550,000