Comparative stockholders' equity sections from two successive years of balance sheets from Farrow, Inc., are as follows:

No dividends were declared or paid during 2018.

Required 

Prepare the journal entries for the transactions affecting stockholders' equity that occurred during 2018. Do not prepare the journal entry for closing net income to retained earnings. Assume that any share transactions were for cash.

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Paid-in Capital Dec. 31, 2018 Dec. 31, 2017 8 Percent preferred stock, $40 par value, authorized 20,000 shares; issued and outstanding, 2017: 10,000 shares; 2018: 12,000 shares. $ 480,000 Common stock, no-par value, $5 stated value, authorized 80,000 shares; issued, 2017: 32,000 shares; 2018: 40,000 shares... Additional Paid-in Capital In excess of par value-Preferred stock... In excess of stated value-Common stock.. From treasury stock..... Retained earnings.... Less: Treasury stock (8,000 shares common) at cost Total Stockholders' Equity.... $ 400,000 200,000 160,000 224,000 144,000 232,000 160,000 21,000 350,000 229,000 0 $1,507,000 $1,093,000 179,000 $ 914,000