Acrobat Architects completed the following transactions during 2018. Jan. 16 Declared a cash dividend on 6%, $110 par cumulative preferred stock (1060 shares outstanding). Declared a $0.30 per share dividend on the 100,000 shares of $2 par value stock outstanding. The date of record is January 31, and the payment date is Feb. 15. Th 15 Paid the cash dividends. bun/ Split Common stock 2-1 Juneclared a 30% stock dividend on the common stock. The market value of the common stock was $8.50 per share. (large stock dividend). ug 15 Distributed the stock dividend. Au 6 Purchased 1000 shares of treasury stock for $8 per share. Nov. 8 Sold 250 shares of treasury stock for $9.10 per share. Des. I Sold 500 shares of treasury stock for $6.95 per share. Dec. 30 Declared a 10% stock dividend on the common stock. The market value of the common stock was $8 per share. (small stock dividend. Record the transactions in the general journal. Prepare the stockholder's equity section of the balance sheet as of December 31, 2018. Assume that Acrobat was authorized to issue 2,600 shares of preferred stock and 400,000 shares od common stock. Both preferred stock and common stock were issued at par. The ending balance pf retained earnings as of December 31, 2018 is $2,500,000. Date Account Dr. Cr. Date Account Dr. Cr