please answer the question correctly. i keep getting thr wrong answers. dec 20 has 3 parts do not skip it.

After looking into debt financing through notes, mortgage, and bonds payable, Happy Camper Company decides to te raise additional capital for a planned business expansion. The company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 2021 was $300,000 and included 150,000 shares of common stock issued and outstanding (There was no Paid in Capital in Excess of Par-Common.) Happy Camper Company had the following transactions in 2021 CH (Click the icon to view the transactions.) 04 Read the requirements 04 Requirement 1. Journalize the transactions. (Record debits first, then credits Select the explanation on the last line 54 of the journal entry table) 1 Jan. 1 Issued 80,000 shares of $2 par value common stock for a total of $320,000. Date Accounts and Explanation Debit Credit Jan 1 Cash 320,000 la Common Stock-$2 Par Value Paid-In Capital in Excess of Par-Common 160,000 160,000 Issued common stock at a premium Jan 10: Issued 10,000 shares of 5%, $12 par value preferred stock in exchange for land with a market value of $150,000 Date Accounts and Explanation Debit Credit Jan. 10 Land 5 V Pol 150,000 Preferred Stock-$12 Par Value Paid In Capital in Excess of Par-Preferred 120,000 30,000 Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check Answer Dec. 15: Declared total cash dividends of $25,000 Date Debit Credit Dec 15 25,000 Accounts and Explanation Cash Dividends Dividends Payable-Common Dividends Payable-Preferred 19.000 6,000 Declared a cash dividend. Dec 20. Declared a 6% common stock dividend when the market value of the stock was $6.00 per share Date Debit Credit Dec 20 25,200 Accounts and Explanation Stock Dividends Common Stock Dividend Distributable Paid In Capital in Excess of Par Common 8,400 16,800 Declared a 6% stock dividend. 1. Journalize the transactions. 2. Calculate the balance in Retained Earnings on December 31, 2021. Assume the balance on January 1, 2021 was $5,250 and net income for the year was $406,000 3. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. There was no preferred stock issued prior to the 2021 transactions