The following transactions affecting stockholders'M equity occurred during the year: Jan. 8 Issued 15,000 shares of previously unissued common stock for $10 cash per share. Mar. 12 Sold all of the treasury shares for $14 cash per share. June 30 Declared a five percent stock dividend on all outstanding shares of common stock. The market value of the stock was $12 per share. July 10 Issued the stock dividend declared on June 30 . Oct. 7 Acquired 2,500 shares of common stock as treasury stock at $13 cash per share. Dec. 18 Declared a cash dividend of $1,00 per outstanding common share, payable on January 9 to stockholders of record on December 31. a. Prepare journal entries to record the foregoing transactions. b. Prepare a statement of stockholders m equity. Net income for the year is $170,500