Grouper Corp. was organized on January 1, 2022. It is authorized to issue 22,000 shares of 6%, $53 par value preferred stock and 456,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 68,000 shares of common stock for cash at $6 per share.
Mar. 1 Issued 1,160 shares of preferred stock for cash at $56 per share.
May 1 Issued 113,000 shares of common stock for cash at $7 per share.
Sept.1 Issued 4,600 shares of common stock for cash at $4 per share.
Nov. 1 Issued 2,600 shares of preferred stock for cash at $57 per share.
NEED:
1.) Pots journal Entries.
2.) Post the stockholder's equity accounts.
3.) Create a Balance sheet.

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)