Need help solving, please

Item 1: On January 1, 2023, Entity L had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 40,000 shares of common stock at $10 per share. June 1 Declared a cash dividend of $1.25 per share to stockholders of record on June 15 June 30 Paid the $1.25 cash dividend Dec. 1 Purchased 3,000 shares of common stock for the treasury for $14 per share Instructions: Prepare journal entries to record the above transactions. Show your calculations. Instructions: What is total stockholders' equity? Prepare the stockholders' equity section of the balance sheet. You should look at Illus. 11.18 to get a sense of what yours should look like. Use good form, indicating the number of authorized, issued, and outstanding shares for each class of stock. A. List two differences between common and preferred stock. B. What is the difference between cumulative preferred stock and non-cumulative preferred stock? C. How are dividends in arrears presented in the financial statements