Question: Help please!! Problem 8-23A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycles LO 8-3, 8-4, 8-5, 8-6 Sun Corporation recelved

Problem 8-23A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycles LO 8-3, 8-4, 8-5, 8-6 Sun Corporation recelved a charter that authorized the issuance of 95,000 shares of $3 par common stock and 19,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year-1 Jan. 5 Sold 14,250 ahares of the $3 par comnon atock for $5 per whare. 12 sold 1,900 ahares of the 5 percent preferred atock for $110 per share. Apt. S Sold 19,000 ahares of the $3 par comnon stock for $7 per share. bec.31 puring the year, earned $318,500 in eash revenue and paid $240,700 for canh operating expenses. 31 Deelared the cash dividend on the outstanding oharen of preferred atoek for year 1. The dividead wi11 be paid Year 2 Teb.15 Paid the canh dividend declared on December 31, Year 1. Mar. I Sold 2,850 ohares of the $100 par preferred atock for $120 per ehare. Yay 5 Purehased 450 thares of the conson stock an treanury atoek ot 56 per share. Dec. 31 buring the year, earned $254,800 in eash revenues and pald $172,100 for cash operating expenses. 11 beclaced the antual dividend on the preferzed atock and a 50.75 per share dividend on the comson atock. Required a. Organize the transaction data in accounts under an accounting equation
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