accounting 1. preare the statement of stockholder's equity. will rate good for answer.

Required informotion The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity durling 2024, its first year of operations: January ? Issue 100,000 shares of coeeon stock for $55 per share. February 14 issue 45,000 shares of preferred stock for 311 per share. May \& Purchase 10,000 shares of its oun comion stock for 545 per share. May 31 Resell 5,600 shares of treasury stock for $50 per share. Decerben 1 Declare a cash dividend on its connen stock of 50.75 per share and a $22,500(5$ of par value) cash dividend on its preferred stock payable to all stockhalders of recond on Decenter. 15. The dividend is payable on Deceeber 30. (Mint: Dividends are not paid on treasury stock.) Deceaber 30 Pay the cash dividinds doclared on Deceabor 1. 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024 . Net income for the year was $475,000. (Amounts to be deducted should be indicoted by a minus sign.) 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. Ne (Amounts to be deducted should be indicated by a minus sign.)