Please Answer and prepare journal.

Requirements:

1. Prepare journal entries for the transactions listed above.
2. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2020 (after taking into consideration your journal entries)

On January 1, 2020, Bowie Corp. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares $500,000 authorized, 5,000 shares issued and outstanding) Common Stock ($5 par value, 200,000 shares authorized, 100,000 $500,000 shares issued and outstanding) Paid-in Capital in Excess of par, Common 200,000 Retained Earnings 800,000 The following events occurred during 2020: a. On January 1, Bowie Corp. declared a 10% stock dividend on its common stock when the market value of the common stock was $12 per share. Stock dividends were distributed on January 31 to shareholders as of January 25. b. On February 15, Bowie Corp. reacquired 2000 shares of common stock for $13.50 each. c. On March 31, Bowie Corp. reissued 250 shares of treasury stock for $17 each. d. On July 1, Bowie Corp. reissued 250 shares of treasury stock for $15 each. e. On October 1, Bowie Corp. declared full year dividends for preferred stock and $2.00 cash dividends for outstanding shares and paid shareholders on October 15. f. On December 15, Bowie Corp. split common stock 2 shares for 1. g. Net Income for 2020 was $200,000