Help with problem 8-24

31 Declared the anndll ulVIU common stock Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance c. Prepare the balance sheet at December 31, 2019. sheet at December 31, 2018, Problem 8-24 Recording and reporting stock dividends Burk Corp. completed the following transactions in 2018, the first year of operation: 1. Issued 30,000 shares of $10 par common stock for $15 per share. 2. Issued 6,.000 shares of $100 par, 5 percent, preferred stock at $101 per share. 3. Paid the annual cash dividend to preferred shareholders. nt stock dividend on the common stock. The market value at the dividend declara- Proprietorships, Partnerships, and Corporations Isued a 5 percent 321 on tion date was S19 per share. issued a 2-for-1 split on the 31,500 shares of outstanding common st S165,000 of cash revenues and paid $98,000 of cash ock. Required Record each of these events in a horizontal statements model like the following one. In the Cash Fow column, indicate whether the item is an operating activity (OA). investing activity (IA), or activity (FA). Use NA to indicate that an element is not affected by the event Assets Liab. + Equity Rev.-Exp. Net Inc. Cash Flow PIC in PIC in Pfd. Stk. + Com. Stk. +Excess PS +Excess CS +Ret. Earn. . Prepare the stockholders' equity section of the balance sheet at the end of 2018. Analyzing the stockholders' equity section of the balance sheet equity section of the balance sheet for Mann Equipment Co at December 31, 2016, LO 8-2, 8-4, 8-5,8-7 l c n 25