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TJS Stockholders equity accounts on January 1, 2021 are as follows:

Common Stock $2.5 par (150,000 shares authorized, 60,000 shares issued) 150,000

PIC in Excess par - Common Stock 150,000

Retained Earnings 850,000

Treasury Stock (7,500 shares at cost) 60,000

The following transactions occurred during the year:

1/03: Declared a cash dividend of $0.90 per share on the common stock outstanding.

2/03: Paid the cash dividend that was previously declared on 1/03.

3/19: Reissued 5,500 shares of the treasury stock at $20 per share.

4/24: Issued 18,000 shares of common stock for $32 per share.

8/13: The directors declared a 3% stock dividend to be distributed on 10/13. The market value is $40 per share on this date.

10/13: Distrubuted the Stock Dividend declared on 8/13.

11/17: Reissued the remaining 2,500 shares of treasury stock for $6 per share.

12/30: Declared a cash dividend of $0.90 per share on the common stock outstand. The dividend will be paid on 1/30.

12/31: Closed the 73,000 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 (in good form) as of 12/31/21 like Cengage.