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Winterborn Manufacturing Co. completed the following transactions during 2016: (Click the icon to view the transactions.) Requirements 1. Record the transactions in Wintertxorn's general journal. 2. Prepare the Winterborn's stockholders 'equity section of the balance sheet as of December 31, 2016. Assume that Winterborn was authorized to issue 2,400 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2016, is $2,080,000. is Requirement 1. Record the transactions in Winterborn's general Journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required' on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a $0.4 January 31, and the payment date is February 15. More Info X Date Accounts and Explanation Debit Credit Jan. 16 Cash Dividends Jan. 16 Declared a cash dividend on the 4%, $100 par noncurrulative preferred stock (950 Dividends PayablePreferred 3.800 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash Jun. 10 Split common stock 2-for-1. Jul. 30 Declared a 50% stock dividend on the common stock. The market value of the common stock was $10 per share. Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 1,400 shares of treasury stock at $9 per share. Nov. 8 Sold 700 shares of treasury stock for $11 per share 30 Sold 500 shares of treasury stock for $6 per share. Feb. cash dividends' Print Done Choose from any list or enter any number in the input fields and then click Check