this question has multiple parts to it, thank you
Required information Problem 10-6A Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10-4, 10-5, 10-7) [The following information applies to the questions displayed below. Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 100,000 shares of common stock for $66 per share. February 14 Issue 56,000 shares of preferred stock for $11 per share. May 8 Purchase 10,000 shares of its own common stock for $56 per share. May 31 Resell 5,000 shares of treasury stock for $61 per share. December 1 Declare a cash dividend on its common stock of $0.45 per share and a $28,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Problem 10-6A Part 1 Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the issuance of 100,000 shares of common stock for $66 per share. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the issuance of 56,000 shares of preferred stock for $11 per share. Note: Enter debits before credits. General Journal Debit Credit Date February 14, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the purchase of 10,000 shares of its own common stock for $56 per share. Note: Enter debits before credits. General Journal Debit Credit Date May 08, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the resell of 5,000 shares of treasury stock for $61 per share. Note: Enter debits before credits. General Journal Debit Credit Date May 31, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the declaration of a cash dividend on its common stock of $0.45 per share and a $28,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders. The dividend is payable on December 30. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the declaration of a cash dividend payable to stockholders of record on December 15. Note: Enter debits before credits. General Journal Debit Credit Date December 15, 2021 Record entry View general journal Clear entry View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Date General Journal December 30, 2021 Debit Credit Record entry View general journal Clear entry 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. Net income for the year was 6486,000. (Amounts to be deducted should be indicated by a minus sign.) MAJOR LEAGUE APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Total Paid-in Capital Total Stockholders' Equity
