Want to make sure I did the first part right. Need help with b.

Houghton Company began business on January 1.2015 by issuing all of its 1,500,000 authorized shares of its $2 par value common stock for $29 per share. On June 30, Houghton declared a cash dividend of $1.00 per share to stockholders of record on July 31. Houghton paid the cash dividend on August 30. On November 1. Houghton reacquired 300,000 of its own shares of stock for $34 per share. On December 22, Houghton resold 150,000 of these shares for $40 per share. Required a. Prepare all of the necessary jounal entries to record the events described above. (If no entry is required for a transactionlevent, select No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Cash 46,500,000 Common Stock Additional Paid-in Capital 3,000,00 43,500,000 Cash 1,500,000 LE1,500,000 1,500,000 Dividends Payable 33 Dividends Payable Cash 1,500,000 4Treasury Stock 10,200,000 Cash 10,200,000 Cash 6,000,000 Treasury Stock Additional Paid-in Capital 5,100,000 900,000 b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2015 assuming that the net income for the year was $7,500,000 HOUGHTON COMPANY Stockholders Equity Balance Sheet as of 12/31/2015 Total Stockholders' Equity