$ 3,750,000 10,180,000 375,000 30,540,000 4,455,000 Monty Corporation has the following capital structure at December 31, 2018: 8%, $25 par Preferred stock, 150,000 shares Common stock, $5 par, 2,036,000 shares issued and outstanding Paid-in capital in excess of par - Preferred stock Paid-in capital in excess of par - Common stock Retained earnings The following transactions affected the stockholders' equity in 2019: | 1/1 30,100 shares of preferred stock issued at $30 per share. 51,800 shares of common stock issued at $23 per share. 50% common stock dividends declared (hint: restate common shares before 6/1 by multiplying 1.5). | 7/1 31,500 shares of common treasury stock purchased at $25 per share. Monty uses the cost method. Declared stock dividends issued. 9/15 10,000 shares of treasury stock reissued at $20 per share. | 12/31 Declared a 50 per share cash dividend on the common stock and declared the preferred dividend. 12/31 Net income during the year was $ 2,500,000. Required: 1. Record the journal entries for the transactions listed above (5 points). 2. Prepare the Stockholders' Equity section of the balance sheet for Monty on 12/31/2019. Follow the format in Ex15-10 in the lecture notes. Show your work in a parenthesis. For example, if your Preferred stock is $3726k, you write down Preferred stock (2726k + 1000k). (5 points)