Parker Maintenance Corporation was organized in early 2000 with 40,000 shares of no-par common stock authorized. During 2000, the following transactions occurred:

a. Issued 17,000 shares of stock at $\$ 36$ per share.

b. Issued another 2,400 shares of stock at $\$ 38$ per share.

c. Issued 2,000 shares for a building appraised at $\$ 40,000$.

d. Declared dividends of $\$ 1$ per share.

e. Earned net income of $\$ 99,000$ for the year, including $\$ 200,000$ of revenues and $\$ 101,000$ of expenses.

f. Closed the dividends accounts.

Given this information:

1. Journalize the transactions.

2. Present the stockholders' equity section of the balance sheet as it would appear on December 31, 2000