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

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

The stockholders' equity accounts of Sunland Corporation on January 1, 2027, were as follows. 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 Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Dec. 31 Paid the dividend declared on December 1