Every entry should have narration please

Please answer with good presentation using commas in each figure

Scotty Corporation has the following stockholder equity items at December 31, 2022: Common stock, $10 par, 200,000 shares authorized, 80,000 shares issued $ 800,000 Premium on common stock 2,400,000 Retained Earnings 28,500,000 Total Paid-in capital and retained earnings 31,700,000 Less treasury stock, 2,000 shares at cost 24,000 Total stockholders' equity $ 31,676,000

Instructions: -Assume each of the transactions listed below is independent of the others unless otherwise indicated. Dividends are given only on outstanding shares of stock. Record the following transactions at the beginning of 2023: 1. Declared a cash dividend of $.50 per share. 2. Paid the dividend declared in 1. above. 3. Declared a property dividend. Inventory with a cost of $160,000 and a market value of $200,000 is to be distributed. 4. Distributed the property for the dividend described in 3. above. 5. Declared a 5% stock dividend when the market value was $14 per share. 6. Distributed the shares for the stock dividend described in 5. above. 7. Declared a liquidating dividend of $.10 per share. 8. Distributed the dividend described in 7. above. 9. Declared a 100% stock dividend when the market value was $14 per share. 10. Distributed the dividend described in 9. above. 11. Declared a 2:1 stock split.