Question: I would like help with the Questions A and B please, A. Digital Data Services, Inc. is authorized to issue 1,000,000 shares of $5 par

I would like help with the Questions A and B please,

A. Digital Data Services, Inc. is authorized to issue 1,000,000 shares of $5 par value common stock. January 1, 2019 the company had 300,000 shares outstanding. During 2019, the company had the following stock transactions:

Jan. 15 Issued 400,000 shares of stock at $7 per share.

Sept. 5 Purchased 30,000 shares of its own common stock at $9 per share.

Oct. 10 Re-issued 10,000 shares of treasure stock for $11 per share.

Nov. 1 Declared a cash dividend of $0.20 per share with a payment date of December 1.

Dec. 1 Paid the cash dividends declared on Nov 1. Journalize the above transactions for Digital Data Services, Inc. Include supporting calculations.

B. If Digital Data Services reported $800,000 in net income for the year and a beginning retained balance of $600,000, what is the balance in retained earnings at the end of the year? Support your work.

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