Balthus Corp. reports the following components of stockholders' equity at December 31, 2018 Common stock-$1 par value, 320.000 shares authorized, 200.000 shares issued and outstanding.. capital in excess of par value, common stock I completed the following transactions related to stockholders' equity during 2019. ut 10 Purchased 40.000 shares of its own stock at $12 cash per share. $ 200,000 1,400,000 2.160.000 $3,750,000 Problem 11-2B Cash dividends, treasury stock, and statement of retained earnings C3 P2 P3 Brand earnings.... Iital stockholders' equity en 2 Directors declared a $1.50 per share cash dividend payable on March 31 to the March 15 stock holders of record Mar 31 Paid the dividend declared on March 2. Now. Il Sold 24,000 of its treasury shares at $13 cash per share. Nov. 25 Sold 16,000 of its treasury shares at $9.50 cash per share. Dec. 1 Directors declared a $2.50 per share cash dividend payable on January 2 to the December 10 stockholders of record. Dac: 31 Closed the $1,072,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Check (2) Ending retained earnings, $2.476.000 quired Prepare journal entries to record each of these transactions. Prepare a statement of retained earnings for the year ended December 31, 2019. - Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. tantholders' equity Problem 11-3B Thinurnal Learn Board Description Tot Po 14 1 What types of preferred stock can a corporation offer? Which stock would you prefer to purchase common or preferred? Why? Why do corporations repurchase stock? Why would an entity form as a corporation versus other types of organizations? What types of equity reports are included in the financial statements of corporations and what information can an investor glean from them? RESPOND TO AT LEAST THREE OTHER CLASSMATES