Please answer all $3$ step by step i need to understand the material thank you

E$14\mathrm{.}18($LO $2,$ Groupwork $($Dividends and Stockholders' Equity Section$)$ Anne Cleves Company reported the following amounts in the stockholders' equity section of its December $31,$

$2024,$ balance sheet.

During $2025,$ Cleves took part in the following transactions concerning stockholders' equity.

Paid the annual $2024$$$10$ per share dividend on preferred stock and a $$2$ per share dividend on common stock. These dividends had been declared on December $31,2024.$

Purchased $1,700$ shares of its own outstanding common stock for $$40$ per share. Cleves uses the cost method.

Reissued $700$ treasury shares for land valued at $$30,000.$

Issued $500$ shares of preferred stock at $$105$ per share.

Declared a $10\%$ stock dividend on the outstanding common stock when the stock is selling for $$45$ per share.

Issued the stock dividend.

Declared the annual $2025$$$10$ per share dividend on preferred stock and the $$2$ per share dividend on common stock. These dividends are payable in $2026.$

Instructions

a$.$ Prepare journal entries to record the transactions described above.

b$.$ Prepare the December $31,2025,$ stockholders' equity section. Assume $2025$ net income was $$330,000.$