At the beginning of the year, Stanley Utilities Inc. had the following equity accounts and balances: Common stock, $1 par $4,200,000 Additional paid-in capital-common stock 1,355,000 Retained earnings 186,000 During the year Stanley Utilities engaged in the following transactions involving its equity accounts: a. Sold 3,600 shares of common stock for $14 per share. b. Sold 1,000 shares of 12%, $100 par preferred stock at $108 per share. c. Declared and paid cash dividends of $8,000. d. Repurchased 1,200 shares of treasury stock (common) for $39 per share. e. Sold 300 of the treasury shares for $43 per share. Required: 1. Prepare the journal entries for Transactions a through e. 2. Net income for the year was $92,000. Prepare a statement of stockholders' equity at year end.