10 -3 nts Swoped Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, Its first year of operations: January 2 Issues 100,000 shares of common stock for $18 per share February 6 Issues 1,300 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $23 per share. December 15 Reissues 6,000 shares of treasury stock at $28 per share in its first year of operations, Finishing Touches has net income of $143,000 and pays dividends at the end of the year of $94,000 (51 per share) on all common shares outstanding and $910 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign) eBook Hint P FINISHING TOUCHES Balance Sheet (Stockholders' Equity Section) December 31, 2018 Stockholders' equity: References Total paid in capital 0 Total stockholders' equity 5 11 3 ht On October 1, the board of directors of Colorado Outfitters, Inc, declares a stock dividend on its 17000, se par, common shares. The market price of the common stock is $37 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock Split. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Sipped View transaction list 000 Journal entry worksheet 2 3 pon > Record the stock dividend assuming a small (10%) stock dividend, References Note Enter debts before credits General Journal Debi Credit October 01 View transaction list Journal entry worksheet 1 2 3 Record the stock dividend assuming a large (100%) stock dividend. Note: Enter debits before credits Date General Journal Debit Credit October 01 Record entry Clear entry View general Journal View transaction ist Journal entry worksheet 1 2 3 Record the stock dividend assuming a 2-for-1 stock split. Note: Enter debits before credits. Date General Journal Debit Credit October 01 Record entry Clear entry View general Journal