Please answer a and b as soon as possible

And I provide T-accounts for question a

Choctaw Co. completed the following transactions in 2016, the first year of operation: 1. Issued 39,000 shares of $10 par common stock for $10 per share. 2. Issued 4,900 shares of $20 stated value preferred stock for $20 per share. 3. Purchased 2,900 shares of common stock as treasury stock for $12 per share. 4. Declared a $3,900 cash dividend on preferred stock. 5. Sold 2,000 shares of treasury stock for $14 per share. 6. Paid $3,900 cash for the preferred dividend declared in Event 4 7. Earned cash revenues of $116,000 and incurred cash expenses of $60,000. 8. Closed revenue, expense, and dividend accounts to the retained earnings account. 9. Appropriated $9,900 of retained earnings. Required: a. Prepare journal entries to record these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)