Question: Only Need help with requirement 3. Preparing the stockholders equity section of balance sheet. Requirement 3. Prepare the stockholders' equity section of the balance sheet




Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31,2024 . (Use parentheses or a minus sign for amounts to be subtracted Stockholders' Equity Paid-In Capital: Common Stock - \$15 Par Value; 100,000 shares authorized, 22,000 shares issued and outstanding \begin{tabular}{rr} $ & 330,000 \\ & 310,000 \\ \hline & 640,000 \\ & 159,000 \\ \hline$799,000 \\ \hline \hline \end{tabular} Total Stockholders' Equity Feb. 6 Declared a 15\% stock dividend on common stock. The market value of MacMillan's stock was $22 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 1,900 shares of treasury stock at $22 per share. Nov. 27 Declared a $0.20 per share cash dividend on the common stock outstanding. 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31 , 2024. Assume MacMillan's net income for the year was $88,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31,2024
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