Madrid Jewelry Company reported the following summarized balance sheet at December 31, 2012:

During 2013, Madrid completed the following transactions that affected stockholders€™ equity:

Requirements
1. Journalize Madrid€™s transactions. Explanations are not required.
2. Report Madrid€™s stockholders€™ equity at December 31, 2013. Net income for 2013 was$22,000.

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Assets s 34,500 101,300 S135,800 Property and equipment, net. Total assets.. Liabilities and Equity Liabilities... Stockholders' equity: S 37,500 S0.30 cumulative preferred stock, $10 par, 700 shares issued... 7,000 Common stock, $8 par, 5,900 shares issued..47.200 18,100 26,000 S135,800 Paid-in capital in excess of par. Retained earnings.... Total liabilities and equity Feb 13 Jun 7 Declared the regular cash dividend on the preferred stock. Aug 9 Distributed a 5% stock dividend on the common stock. Market Oct 26 Reacquired 200 shares of common stock as treasury stock Nov 20 Sold 100 shares of the treasury stock for $19 per share. Issued 5,700 shares of common stock for $11 per share. Paid the cash dividend. price of the common stock was $14 per share. paying $18 per share 24