The balance sheet of Bradley Laser Corporation at December 31, 20X3, presented the following stockholders' equity: Paid-in capital: Common stock, $1 par, 250,000 shares authorized, 50,000 shares issued Paid-in capital in excess of par-common Total paid-in capital Retained earnings.... Total stockholders' equity. $ 50,000 350.000 400,000 99,000 $499,000 During 20X4. Bradley completed the following selected transactions: Mar. 29 July 13 Oct. 4 Dec. 27 Distributed a 50% stock dividend on the common stock. The market value of Bradley common stock was $5 per share. Purchased 2.000 shares of the company's own common stock at $6 per share. Sold 1,600 shares of treasury common stock for $8 per share. Declared a $0.20 per share dividend on the common stock outstanding. The date of record is January 17, 20X5, and the payment date is January 31. 31 Closed the $71,000 net income to Retained Earnings. Required 1. Record the transactions in the general journal. 2. Prepare the retained earnings statement at December 31, 20X4. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 20X4.