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The stockholders' equity accounts of Pharoah Corporation on January $1,2027,$ were as follows.

During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $5,700$ shares of common stock for $$34,200.$

Mar. $20$ Purchased $2,700$ additional shares of common treasury stock at $$8$ per share.

Oct. $1$ Declared a $7\%$ cash dividend on preferred stock, payable November $1.$

Nov. $1$ Paid the dividend declared on October $1.$

Dec. $1$ Declared a $$0\mathrm{.}60$ per share cash dividend to common stockholders of record on December $15,$ payable December $31,$

Dec. $31$ Paid the dividend declared on December $1.$

$($a$)-($b$)$

Your answer is partially correct.

$($a$)$ Prepare a tabular summary that includes the January $1,2027,$ balances. Do not include the beginning balance in Retained

$($b$)$ Record the $2027$ transactions in the tabular summary.

Include margin explanations for the changes in revenues and expenses. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Increases in Discount on Bonds Payable require a negative sign or parentheses.

$.$ Increases in Treasury Stock require a negative sign or parentheses.

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