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142) Stockholders' Equity Blake Corporation has the following accounts on December 31, 2018 Common Stock $.25 par, 1,000,000 authorized, 400,000 issued Preferred stock 690, $100 par, cumulative, 5,000 shares authorized, 3,000 issued. Treasury stock, 1,500 shares purchased at market value of $6 per share . aid-in capital Preferred aid-in capital - Common ividends Payable S190,000 $2,400 S415 $2,335 ed Earnings Required (1) Prepare the stockholders' equity section of the balance sheet. (2) Prepare the journal entry for the purchase of the treasury stock. (3) Blake paid the liability for dividends on March 1. Prepare the journal entry for the payment