Part A: Entity C reports the following information after all adjusting entries had been made as of December $31,2025$:

$\backslash$table$[[\backslash$table$[[$Common Stock, par $$20,$ authorized $100,000$ shares, issued $34,000],[$shares$,?$ outstanding shares$]],680,000],[$Dividends declared and paid in $2025,16,000],[$Retained Earnings, January $1,2025,78,000],[$Paid$-$in capital in excess of par,$173,000],[$Treasury stock at cost $(2,000)$ shares,$25,000]]$

Net income for $2025$ was $$40,000$ for the year. The price of the stock at December $31,2025$ was $$35$ per share.

Required: Prepare a partial balance sheet of stockholders' equity in good form as of December $31,2025,$ and then answer the questions below. You will have to determine ending retained earnings. For a similar example, take a look at the text at p$.11-36($hard copy $1137).$

What is the dollar amount of total paid$-$in capital?

How many shares of common stock are outstanding?

What is the dividend payout ratio?

Part B: $(+6)$

Required: Make the following journal entries in good form:

On March $1,2026,$ Entity C issued $1000$ shares of common stock $($ $$20$ par value$)$ at $$41$ per share.

On April $1,2026,$ Entity C purchased $200$ shares of its common stock for the treasury at $$45$ per share.