Comparative Data Comparative stockholders' equity sections from two successive years of balance sheets from Kirkwood, Inc., are as follows:

No dividends were declared or paid during 2018.

Required 

Prepare the journal entries for the transactions affecting stockholders' equity that occurred during 2018. Do not prepare the journal entry for closing net income to retained earnings. Assume that any share transactions were for cash.

Paid-in Capital 10 percent preferred stock, $20 par value, authorized 50,000 shares; issued and outstanding, 2017: 15,000 shares; 2018: 25,000 shares.... Common stock, no-par value, $10 stated value, authorized 120,000 shares; issued, 2017: 48,000 shares; 2018: 65,000 shares Additional Paid-in Capital In excess of par value-Preferred stock.. Dec. 31, 2018 Dec. 31, 2017 $ 500,000 $ 400,000 600,000 480,000 225,000 160,000 In excess of stated value-Common stock.. 540,000 336,000 From treasury stock..... 25,000 Retained earnings 390,000 335,000 2,275,000 1,711,000 Less: Treasury stock (10,000 shares common) at cost 0 136,000 Total stockholders' equity.... $2,275,000 $1,575,000