Burk Corporation completed the following transactions in Year 1, the first year of operation: 1. Issued 30,000 shares of $10 par common stock for $15 per share. 2. Issued 6,000 shares of $100 par, 5 percent, preferred stock at $101 per share. 3. Paid the annual cash dividend to preferred shareholders. 4. Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was $19 per share. 5. Later that year, issued a 2-for-1 split on the 31,500 shares of outstanding common stock. 6. Earned $165,000 of cash revenues and paid $98,000 of cash operating expenses. Check my work Required a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare the stockholders' equity section of the balance sheet at the end of Year 1. Complete this question by entering your answers in the tabs below. Required A Required B

Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of ca Flows column, dassify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave the cell blank if there is no effect. Prepare the stockholders' equity section of the balance sheet at the end of Year 1