Assume the following facts: 250,000 shares of $5 par value common stock have been authorized. Prepare the stockholders' equity section of the balance sheet. Entry data Issued 37, 500 shares at $7 per share. Issued 12, 500 shares at $9 per share Received land in exchange for 5,000 shares of common stock. The market value of the stock was $8 per share and a $20,000 fair market value for the land. Reported a net income of $200,000 Purchased 10,000 shares of the outstanding $5 par value common stock at $8 and placed the shares in the treasury. Declared a cash dividend of $.30 per share Reissued 3, 750 treasury shares at $11.00 per share Reissued 3, 750 treasury shares at $6.50 per share Reissued the remaining treasury shares at $4.50 per share Issued 7, 500 shares of common stock at $7.50 per share Paid the cash dividend declared in #6 Declared a 10% stock dividend on the common stock. The current market value was $12 per share Distributed the stock dividend in #12 The Board of Directors voted a 2 for 1 stock split Declared a cash dividend of $.75 per share