The calculations for journal entry #5 and #7 and wrong.

Could an expert possibly find out what the mistake is and answer the correct values for journal entry #5 and #7 ?

[The following information applies to the questions displayed below] Donnie Hifiger has two classes of stock authorized. \$1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 March 1 Issue 1,500 shares of common stock for $46 per share. May 15 Purchase 440 shares of treasury stock for $39 per share. July 10 Resell 240 shares of treasury stock purchased on May 15 for $44 per share. October 15 Issue 240 shares of preferred stock for $49 per share. December 1 Declare a cash dividend on both comon and preferred stock of $0.90 per share to all stockholders of recond on Decenber 15. (Hint: Divldends are not paid on treasury stock.) Decenber 31 Pay the cash dividends declared on Decerber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$340, Common Stock, \$44, Additional Paid-in Capital, \$78,000, and Retained Earnings, \$31,300 Net income for the year ended December 31, 2024, is $11,600 Problem 10-2A (Algo) Part 1 Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required information