The stockholders' equity section of Piper Corporation's balance sheet at December 31, 2021, appears below: Stockholders equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized; $3,000,000 300,000 issued and outstanding Paid-in capital in excess of par 1.200.000 Total paid-in capital 4,200,000 900,000 Retained earnings Total stockholders' equity $5,100,000 B (a) Prepare the journal entries to record the above stock transactions. Entries should be in journal format only. Each entry should be properly dated. (b) Prepare the stockholders' equity section of the balance sheet for Piper Corporation at December 31, 2022. Assume that net income for the year was $150,000 and that no dividends were declared. During 2022, the following stock transactions occurred: Jan. Issued 60,000 shares of common stock at $23 per share. 18 Aug. Purchased 15,000 shares of Piper Corporation's common stock at $25 per share to be held in the 20 treasury