you answered wrong for this questions , thats what i am posting wright now . i need answers in one to two hours by this day , pls make sure because i have assignment today at 2 pm

Required information [The following information applies to the questions displayed below.] Tennis Apparel has two classes of stock authorized: \6 par preferred, and \\( \\$ 1 \\) par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110,000 shares of common stock for \\( \\$ 67 \\) per share. February 14 Issue 57,000 shares of preferred stock for \\( \\$ 12 \\) per share. May 8 Purchase 11,000 shares of its own common stock for \\( \\$ 57 \\) per share. May 31 Resell 5,500 shares of treasury stock for \\( \\$ 62 \\) per share. December 1 Declare a cash dividend on its common stock of \\( \\$ 0.40 \\) per share and a \\( \\$ 34,200 \\) (68 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 . 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was \\( \\$ 487,000 \\). Note: Amounts to be deducted should be indicated by a minus sign