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required on the first lise of the Accoubts and Exphanaion column and leave the remaing ceas blank) Jan 16. Declared a cash dividend on the 5%,596 par noncumulative prelerted stock 1950 shares cuitstanding) Declared a 5025 per share dindend on the 80,000 shares of $5 par value conman slock cututanding The dale of recoed is Januay 31 , and the payment date is Fobinary 15 Fob. 15 Paid tho cash dividenios: Jun. 10. Split common stock 2-for-1 Jul. 30 Declared a 30% stock dividend on the common stock. The market value of the common stock was $12 pe Aug. 15: Distributed the stock dividend. Oct. 26: Purchased 1,600 shares of treasury stock at $10 per share. Nov 8. Sold 800 shares of treasury stock for $12 per share Nov. 30 Sold 700 shares of treasury stock for $7 per share. Requirement 2. Prepare the Clearborn's stockiciders equiy section of the balance sheet as of December 34.2024. Assume that Cioarbom was authorized to ssue 1 soo shares of prefered tock and 400,000 shases of common stock Boh proterred stock and common stock were ts sued at par Tho ending balance of totained eamings as of December 31,2024,551,060,000. USe pacentheses oc a minir Apr foe smounts lo be subtestod)