Sun Corporation received a charter that authorized the issuance of 119,000 shares of $3 par common stock and 21,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 17,850 shares of the $3 par common stock for $5 per share. 12 Sold 2,100 shares of the 5 percent preferred stock for $135 per share. Apr. 5 Sold 23,800 shares of the $3 par common stock for $7 per share. Dec. 31 During the year, earned $305,200 in cash revenue and paid $242,100 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019. 2019 Feb. 15 Paid the cash dividend declared on December 31, 2018. Mar. 3 Sold 3,150 shares of the $125 par preferred stock for $145 per share. May. 5 Purchased 500 shares of the common stock as treasury stock at $6 per share. Dec. 31 During the year, earned $246,800 in cash revenues and paid $179,400 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock.

Please help to answer below questions-

1.Accounting equation

2.Balance Sheet

3.Stockholder equity

2018 Jan. Apr. Dec. \begin{tabular}{|l|r|} \hline & \\ \hline & 2019 \\ \hline Feb. & \\ \hline Mar. & 15 \\ \hline May. & 3 \\ \hline Dec. & 5 \\ \hline & 31 \\ \hline \end{tabular} Sold 17,850 shares of the $3 par common stock for $5 per share. Sold 2,100 shares of the 5 percent preferred stock for $135 per share. Sold 23,800 shares of the $3 par common stock for $7 per share. Durinq the year, earned $305,200 in cash revenue and paid $242,100 for cash operating expenses. Declared the cash dividend on the outstanding shares of preferred stock for 2018 . The dividend will be paid on February 15 to stockholders of record on January 10,2019 . Paid the cash dividend declared on December 31,2018. Sold 3,150 shares of the $125 par preferred stock for $145 per share. Purchased 500 shares of the common stock as treasury stock at $6 per share. During the year, earned $246,800 in cash revenues and paid $179,400 for cash operating expenses. Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. b. Prepare the stockholders' equity section of the balance sheet at December 31, 2018