The stockholders' equity section of Jianhao Corporation's balance sheet at December $31,2024,$ appears below:

Stockholders' equity

Paid$-$in capital

Common stock, $$10$ par value, $500,000$ shares authorized;

$350,000$ issued and outstanding $$3,500,000$

Paid$-$in capital in excess of par $1,700,000$

Total paid$-$in capital $5,200,000$

Retained earnings $650,000$

Total stockholders' equity $$5,850,000$

During $2024,$ the following stock transactions occurred:

Jan. $18$ Issued $50,000$ shares of common stock at $$35$ per share.

Aug. $20$ Purchased $20,000$ shares of Jianhao Corporation's common stock at $$26$ per share to be held in the treasury.

Nov. $5$ Reissued $8,000$ shares of treasury stock for $$28$ per share.

Instructions

$($a$)$ Prepare the journal entries to record the above stock transactions.

$($b$)$ Prepare the stockholders' equity section of the balance sheet for Jianhao Corporation at December $31,2024.$ Assume that net income for the year was $$200,000$ and that no dividends were declared.