(a) prepare a tabular summary that includes the January 1, 2027 balances. Do not include the beginning in Retained

(b) Record the 2027 transactions in the tabular summary.

** Please make the answers clear Thank you

The stockholders' equity accounts of Sunland Corporation on January 1, 2027, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,800 shares authorized) $288,000 Common Stock ($4 stated value, 298,000 shares authorized) 953,600 Paid-in Capital in Excess of Par Value-Preferred Stock 14,400 Paid-in Capital in Excess of Stated Value-Common Stock 476,800 Retained Earnings 701,000 Treasury Stock (4,800 common shares) 38,400 During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,800 shares of common stock for $33,600. Mar. 20 Purchased 1,800 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 8% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Dec. 31 Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. (a)-(b)