please aswer the first question and ignor the second

Question text on On November 1, 2019, ABC Corporation's stockholders' equity section is as follows: Common stock, $10 par value $500,000 Paid-in capital in excess of par value 180,000 Retained earnings 300.000 Total stockholders' equity $980,000 On November 1, ABC declares and distributes a 3% stock dividend when the market value of the stock is $12 per share. Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed. a. Common stock, $5 par value b. Paid-in capital in excess of par value c. Retained earnings d. Total stockholders' equity Question text Bennett Corporation is authorized to issue 1,000,000 shares of $2 par value common stock. During 2020, the company has the following stock transactions. Journalize the transactions for Bennett Corporation. a. Jan. 15 Issued 700,000 shares of stock at $5 per share. b. Sept. 5 Purchased 20,000 shares of common stock for the treasury at $7 per share. c. Dec. 6 Declared a $0.40 per share dividend to stockholders of record on December 20, payable Dec. 23, 2020. d. Dec. 20 Date of record. e. Dec. 23 Paid dividend. 1. Dec. 26 Sold 15,000 shares of treasury stock for $8 per share