Question: I need help with requirement #2 thank you! Declared a cash dividend on the 5%, $96 par noncumulative preferred stock (950 shares outstanding). Declared a



I need help with requirement #2 thank you!
Declared a cash dividend on the 5%, $96 par noncumulative preferred stock (950 shares outstanding). Declared a $0.20 per share dividend on the 80,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Jan. 16 Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Declared a 30% stock dividend on the common stock. The market value of the common stock was $9 per share. Jul. 30 Aug. 15 Distributed the stock dividend. Oct. 26 Nov. 8 Purchased 5,400 shares of treasury stock at $11 per share. Sold 2,700 shares of treasury stock for $13 per share. Sold 1,600 shares of treasury stock for $7 per share. Nov. 30 Starborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: shares at cost, Total Paid-In Capital shares authorized, shares issued, Total Stockholders' Equity shares issued and outstanding, shares outstanding. venit creuit Ic 11,200 1s 5,400 Common Stock-$1 Par Value; 1,000 Common Stock-$2 Par Value; 17,600 Paid-In Capital in Excess of ParCommon e ection of the balance sheet as of December 31, 2 ig balance of retained earnings as of December 3 re Paid-In Capital in Excess of ParPreferred ng, Co. Preferred Stock5%, $96 Par Value; tial) Retained Earnings 18 juity Treasury Stock-Common Total Paid-In Capital Total Stockholders' Equity Requirement 2. Prepare the Starborn's stockholders 'equity section of the balance sheet as of December 31, 2018. Assume that Starborn was authorized to issue 1,800 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,010,000. (Use parentheses or a minus sign for amounts to be subtracted.) Starborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity
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