please make answer easy to read and type it out. Also include calculations for preferred share calculations

The following is the stockholders' equity section of Banks Corporation at Jan. 1, 2022 Preferred Stock ($100 par, 9%, cumulative, 80,000 shares authorized) 800,000 During 2022, the following transactions occurred: Common Stock ($3 par, 400,000 authorized) 750,000 Paid in Capital in Excess of Par 1,900,000 Retained Earnings 1,200,000 Feb. 1 Issue 30,000 shares of Common Stock for $20 per share Jun. 1 Issue 1,000 shares of Preferred Stock for $105 per share Treasury Stock - Common (40,000 shares) (640,000 Total Stockholders' Equity Aug 15 Purchase 2,000 shares of Treasury Stock (common) for $17 per share 4,010,000 Oct. 1 Declared the annual dividend on Preferred Stock Oct. 15 Declared a $0.15 per share cash dividend on Common Stock Dec. 31 Closed preferred and common dividends to Retained Earnings 1) Prepare the 2022 journal entries for the above transaction and 2) update the stockholders' equity section of the balance sheet as of December 31, 2022