can you please explain this step by step specially on how to do the balance sheet and journal entry

Golf Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: Jamuary 2 Tssue 120,000 shares of coeson stock for $62 per stare. February 14 Tswe 52,000 sharet of preferred stock for 513 per thare. May 8 Purchave 12 , ees stares af its own comon stock for \$52 per thare. May 11 Resell 5,000 shares of treasury stock for 457 per share. divitend en its preferred stock payable to all stockhoiders of record on oecenter is. Thin dividend is payable on Decueber 30 . (Mint; Dividends are not paid on treasury stock.) Decenber 30 fay the conb dividends declared on Deceaber 1. Required: 1. Record each of these transactions. If no entry is required for o transaction/event, select "No Journal Entry Required" in the first occount field.) Gecenoer wy Fay the rath axyzaenas deciartoa in tecemetr i. Required: 1. Record each of these transactions, af no entry is required for a transaction/event, select "No Journal Entry Required" in the first becount fields) Journal entry worksheet 2345673 Fecord the issuanice of 120,000 shares of cornminon stock for $62 per share, 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was $482,000. (Amounts to be deducted should be indicated by a minus sign.)