$*$Prepare the journal entries required to record the sale of common stock in $($a$)$ and $($b$).$

Required information

Reporting Stockholders' Equity and Determining Dividend Policy

Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the

following stock: common stock, $$14$ par value, $12,500$ shares authorized. During the year, the following selected

transactions were completed:

a$.$ Sold $6,400$ shares of common stock for cash at $$28$ per share.

b$.$ Sold $1,200$ shares of common stock for cash at $$33$ per share.

c$.$ At year$-$end, the company reported net income of $$6,900.$ No dividends were declared.