Sun Corporation received a charter that authorized the issuance of $101,000$ shares of $$4$ par common stock and $22,000$ shares of $$100$ par, $5$ percent cumulative preferred stock. Sun Corporation completed the following transactions during it first two years of operation.

Year $1$

January $5$ Sold $15,150$ shares of the $$4$ par common stock for $$6$ per share.

April $5$ Sold $2,200$ shares of the $5$ percent preferred stock for $$110$ per share.

December $31$ During $20,200$ shares of the $$4$ par common stock for $$8$ per share. dividend will be paid on February $15$ to stockholders of record on January $10,$ Year $2.$

Year $2$

February $15$ Paid the cash dividend declared on December $31,$ Year $1.$

December $31$ Purchased $500$ shares of the common stock as treasufy stock at $$8$ per share.

December $31$ expenses. common stock.

a$.$ Prepare the balance sheets at December $31,$ Year $1$ and Year $2.$

$\backslash$table$[[$Balance Sheet,$],[$As of December $31,$ Year $1,,],[,,],[,,],[$Total assets,,$],[$Liabilities$,,],[,,],[$Total liabilities,,$],[$Stockholders$\text{'}$ equity,,$],[,,],[,,],[,,],[,,],[$Total paid$-$in capital,,$],[,,],[$Total stockholders' equity,,$],[$Total liabilities and stockholders' equity,,$]]$

Required information