28. Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2018: Common Stock, $1 par value, 2,000,000 shares; Additional Paid-in Captial, $22 million; Retained Earnings, $15 million; and Treasury Stock, 50,000 shares, $1.2:5 million. Instructions: Prepare the stockholders' equity section of the balance sheet. (6 points possible) Prom Night Formal Wear Partial Balance Sheet December 31, 2018 Stockholders' Equity Total Paid-in capital Less: Total Stockholders' Equity 29. On November 27, the board of directors of Armstrong Company declared a $.50 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Armstrong has 25,500 shares of $1 par common stock outstanding at November 27. Instructions: Journalize the entries needed on November 27 and December 24. (5 points possible). Date Nov. 27 Account Debit Credit Dec. 7 Dec. 24