Question: please i really appreciate it Required information Problem 11-26A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycles LO 11-3, 11-6

please i really appreciate it please i really appreciate it Required
please i really appreciate it Required
please i really appreciate it Required
Required information Problem 11-26A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycles LO 11-3, 11-6 The following information applies to the questions displayed below) Sun Corporation received a charter that authorized the issuance of 92.000 shares of $5 por common stock and 21.000 shares of $75 par. 5 percent cumulative preferred stock Sun Corporation completed the following transactions during its first two years of operation Year 1 Jan. 5 Sold 13,800 shares of the 55 par common stock for 57 per share. 12 Sold 2,100 shares of the 5 percent preferred stock for sus per share Apr. 5 Sold 18,400 shares of the $S par common stock for $9 per share Dec. 31 During the year, earned $319,600 in cash revenue and paid $241,500 for cash operating expenses 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb. 15 Paid the Kash dividend declared on December 31, Year 1. Mar 3 Sold 3,150 shares of the $75 par preferred stock for 595 per share May. 5 Purchased 500 shares of the common stock as treasury stock at $10 per share. Dec. 31 During the year, earned $252,900 in cash revences and paid 5121,400 for cash operating expenses 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. Problem 11-26A (Algo) Porta Required a. Organize the transaction data in accounts under an accounting equation (Enter any decreases to account balances with a minus sign. Not all cells require input.) SUN CORPORATION SUN CORPORATION Accounting Equation Stockholders' Equity Liabilities Event No Cash Dividends Payable Preferred Stock Common Stock . Paid in Capital in Excess of Par Preferred Stock Paid in Capital in Excess of Par Common Stock Treasury Stock Retained Earnings Account Titles for Retained Emira Year 1 Jans Jan 12 . . . > . . Decal (Deel + - Decal al 0 O 0 = 01. O. + . + Year 2 Feb 15 Mar (Mayti Dec 31 Decal De 11 ... + + + O 01 Problem 11-26A (Algo) Part c-1. What is the number of common shares outstanding at the end of Year 1? At the end of Year 2? How many common shares had been issued at the end of Year 1? At the end of Year 22 (Amounts to be deducted should be indicated with minus sign.) Schedule of Number of Shares of Common Stock Shares Shares Issued Outstanding Year 1 0 Totals Year 2 Totals c-2. Are there any differences between issued and outstanding common shares for Year 1 and Year 2? Issued common shares Outstanding common shares

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