Adventure Computer Systems reported the following shareholders' equity section as of the beginning of the current year: (Click the icon to view the data.) Adventure Computer issued 115,000 shares of its $0.35 par common stock during the year. The market price of the shares on the date of issue was $45 per share. The company paid $83,000 in underwriting fees to issue the shares. Adventure reported $6,900,000 in net income for the year and declared and paid dividends of $6 per share at year end. Read the requirements Requirement a. Prepare the entry to record the new stock issue. (Record debits first, then credits. Exclude explanations from any journal entries.) Account i Data Table Current Year - X Stockholders' Equity Contributed Capital: Requirements Requirement b. Prepare the journal entries required to record the declaration and payment of the cash dividend. Begin by preparing the journal entry to record the declaration of the cash dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Common Stock, $0.35 par value. 975,000 shares authorized 205,000 shares issued, and 181,900 shares outstanding S 71.750 10,200.000 Account Current Year $ 10,271.750 a. Prepare the entry to record the new stock issue. b. Prepare the journal entries required to record the declaration and payment of the cash dividend. c. Prepare the stockholders' equity section of the balance sheet at the end of the year Additional Paid-in Capital in Excess of Par - Common Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Less: Treasury Stock (23,100 common shares at cost) Total Stockholders' Equity $ 20,400,000 (430,000) (924,000) Print Done $ 29,317.750 Now prepare the journal entry to record the payment of the cash dividend. Account Print Current Year Done Requirement c. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for loss amounts and/or numbers to be subtracted.) Stockholders' Equity Balance Total Contributed Capital Total Contributed Capital and Retained Earnings Total Stockholders' Equity