#5 is the one im stuck on. #4 is part one to #5.

07 5 Part 2 of 2 0.55 points Required information E11-5 Reporting Stockholders' Equity and Determining Dividend Policy LO11-1, 11-3, 11-4 [The following information applies to the questions displayed below) Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock common stock, par value $15 per share, 13,300 shares authorized. During the year, the following selected transactions were completed: a. Sold and issued 6,400 shares of common stock for cash at $30 per share. b. Sold and issued 1.900 shares of common stock for cash at $35 per share c. At year-end, the accounts reflected income of $7,100. No dividends were declared eBook Hint E11-5 Part 2 Print 2. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet (Amounts to be deducted should be indicated by a minus sign.) Reference TARRANT CORPORATION Balance Sheet (Partial At December 31, this year Stockholders' equity Contributed capital: Common stock Additional paid in capital Total contributed capital Retained earnings 0 Total stockholders' equity $ 0 4 Part 1 of 2 0.55 points Required information E1-5 Reporting Stockholders' Equity and Determining Dividend Policy LO11-1, 11-3, 11-4 (The following information applies to the questions displayed below.) Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock common stock, par value $15 per sharo, 13,300 shares authorized. During the year, the following selected transactions were completed: a. Sold and issued 6,400 shares of common stock for cash at $30 per share. b. Sold and issued 1,900 shares of common stock for cash at $35 per share. c. At year-end, the accounts reflected income of $7100. No dividends were declared. eBook Hint E11-5 Part 1 Print Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (6). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Reference View transaction list View journal entry worksheet No Transaction General Journal 1 Cash Common stock Additional paid-in capital, common stock Credit Debit 192,000 96,000 96,000 2 b. 66,500 Cash Common stock Additional pald-in capital, common stock 28,500 38,000