Stevens Company reported the following in the statement of shareholders equity at 1/1/22:

Common stock, $10 par value, authorized 300,000 shares, issued 70,000 $ 700,000 Additional paid-in capital 1,780,000 Retained earnings 582,400 3,062,400 Less: treasury stock, at cost, 6,000 shares (96,000) Total shareholders equity $ 2,966,400

The following events occurred in 2022: 3/1 2,000 shares of treasury stock were sold for $36,000. 6/15 A 28% stock dividend was declared when the market value of the stock was $22. The shares will be distributed on 7/31 to holders of record on 7/1. 9/9 10,000 of previously unissued common stock sold for $23.50 per share. 10/1 A 2-for-1 stock split was declared. 12/15 A cash dividend of $.30 per share was declared. 12/31 Net income for 2022 was $239,600.

Required: (a) Prepare the journal entries required for the 2022 events affecting equity. (b) Prepare the equity section of the balance sheet at 12/31/22.