Requirement 2. Prepare a retained earings statement for the year ended December 31, 2024. Assume Collin's net income for the Enter any increases in retained eamings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check you Collin Management Consulting, Inc. Statement of Retained Earnings Year Ended December 31, 2024

Stockholders' Equity Paid-In Capital: Common Stock- $12 Par Value; 250,000 shares authorized, 25,000 shares issued and outstanding \$ $300,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity 340,000640,000165,000$805,000 Feb. 6 Declared a 5\% stock dividend on common stock. The market value of Collin's stock was $24 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 2,400 shares of treasury stock at \$24 per share. Nov. 27 Declared a $0.25 per share cash dividend on the common stock outstanding. Feb. 6 Declared a 5\% stock dividend on common stock. The market value of Collin's stock was $24 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 2,400 shares of treasury stock at \$24 per share. Nov. 27 Declared a $0.25 per share cash dividend on the common stock outstanding. Requirement 2. Prepare a retained eamings statement for the year ended December 31, 2024. Assume Collin's net income for the year was $89,000. Enter any increases in retained eamings prior to the subtotal and any decreases to retainod eamings below the subtotal. (Check your spelling carefully Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. (Use parer Stockholders' Equity Paid-In Capital: Common Stock- $12 Par Value; 250,000 shares authorized, 25,000 shares issued and outstanding \$ $300,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity 340,000640,000165,000$805,000