Prepare the December $31,2025,$ stockholders' equity section. Assume $2025$ net income was $$326,000.($Enter account name only

$.$Do not provide any descriptive information.$)$ Wildhorse Company reported the following amounts in the stockholders' equity section of its December $31,2024,$ balance sheet.

During $2025,$ Wildhorse took part in the following transactions concerning stockholders' equity.

Paid the annual $2024$$$9$ per share dividend on preferred stock and a $$2$ per share dividend on common stock. These

dividends had been declared on December $31,2024.$

Purchased $1,700$ shares of its own outstanding common stock for $$41$ per share. Wildhorse uses the cost method.

Reissued $600$ treasury shares for land valued at $$30,400.$

Issued $480$ shares of preferred stock at $$105$ per share.

Declared a $10\%$ stock dividend on the outstanding common stock when the stock is selling for $$44$ per share.

Issued the stock dividend.

Declared the annual $2025$$$9$ per share dividend on preferred stock and the $$2$ per share dividend on common stock. These

dividends are payable in $2026.$ Prepare journal entries to record the transactions described above. $($List all debit entries before credit entries. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Credit

Dividends Payable $-$ Preferred Stock

Dividends Payable $-$ Common Stock

Treasury Stock

Land

Treasury Stock

Paid$-$in Capital from Treasury Stock

$1$

Preferred Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

Retained Earnings

Common Stock Dividend Distributable

Paid$-$in Capital in Excess of Par $-$ Common Stock

Common Stock Dividend Distributable

Common Stock

Retained Earnings

Dividends Payable $-$ Preferred Stock

Dividends Payable $-$ Common Stock Prepare the December $31,2025,$ stockholders' equity section. Assume $2025$ net income was $$326,000.($Enter account name only

$.$Do not provide any descriptive information.$)$

WILDHORSE COMPANY

Stockholders' Equity

December $31,2025$

$