Murray Corporation started operations in 2019. It only has one class of stock - common stock with a $5 par value. It's authorized to issue 50,000 shares of stock. Below are the following transactions in 2019 and 2020 that affected its stockholder's equity accounts. 2019 Jan. 2 Issued 30,000 shares of common stock (par $5) for $190,000. Mar. 20 Issued 10,000 shares of common stock (par $5) in exchange for a building and land. The building is valued at $45,000 and the land at 35,000. Dec. 31 Closed the $24,500 credit balance (from net income) in the Income Summary to Retained Earnings. Jan. 5 Mar. 1 Apr. 5 Jun. 20 Sep. 15 Dec. 31 2020 Purchased 4,000 shares of its own stock at $10 cash per share. Directors declared a $0.25 per share cash dividend payable on April 5 to the March 15 stockholders of record. Paid the dividend declared on March 1. Sold 1,000 of its treasury shares at $11 cash per share. Sold 1,250 of its treasury shares at $8 cash per share Closed the $28,000 credit balance (from net income) in the Income Summary account to Retained Earnings Required: 1 Prepare the journal entries to record each of these transactions. 2 Calculate the ending balance in Retained Earnings for both 2019 and 2020. Hint: Create a T-Account for Retained Earnings and Post all the transactions affecting R.E. each year. 3 Prepare the stockholder's equity section of the company's balance sheet as of 12/31/2020. I've prepared the 2019 one for you on the next tab for formatting/check figures. Hint: for 2020 you will need to add in the effects of treasury stock