can someone please solve "requirement 2" for me
Requirement 1. Record the action in Haibome general puw. Record debit rat, van credits Select the explanation on the last tre of the foumal andey I no entry was required techo y report on the trattore of the Accounts and Explanation column and leave the remaining colis blank.) Jan 16 Declared a cash dividend on the 5%. 3105 par no cumulative preferred tack (900 shares outstanding). Declared a $0.65 per here tiedond on the 60.000 shares of Sa per www.common Mock utanding. The data of records January 31, and the payment date is February 15 Accounts and Explanation Credit Jan 16 Cash Owinds 48,725 Dividends Payable Common Clients Payable-Preferred Date Debit 44000 4.728 Declared a cash divided Feb. 15: Paid the cash dividends Date Credit Feb 15 Accounts and Explanation Dividenda Prynble-Preferred Didents Payatie Common Cash Debit 4.725 4.000 48 728 Padoanh dividend Jun. 10: Split common stock 2-for-1. Date Debit Credit Accounts and Explanation No entry required Jun. 10 Jul. 30: Declared a 40% stock dividend on the common stock. The market value of the common stock was $8 per share. Date Accounts and Explanation Debit Credit Jul, 30 Stock Dividends 256,000 Common Stock Dividend Distributable 256,000 Declared a 40% stock dividend. Aug. 15: Distributed the stock dividend. Date Accounts and Explanation Debit Credit Aug. 15 256,000 Common Stock Dividend Distributable Common Stock-$4 Par Value 256,000 Issued 40% stock dividend. Debit Credit Oct. 26: Purchased 8,000 shares of treasury stock at $9 per share Date Accounts and Explanation Oct. 26 Treasury Stock-Common Cash 72,000 72,000 Purchased treasury stock. Nov. 8: Sold 4,000 shares of treasury stock for $10 per share. Date Accounts and Explanation Debit Credit Nov. 8 40,000 Cash Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions 36.000 4,000 Sold treasury stock above cost. Nov. 30: Sold 1,400 shares of treasury stock for $5 per share. Date Accounts and Explanation Debit Credit Nov. 30 Cash 7,000 4,000 1,600 Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Sold treasury stock below cost. 12,600 Requirement 2. Prepare the Halben's stockholders' equity section of the balance sheet as of December 31, 2024. Asume that Habom was authorized to see 1,100 shares of peetud ebook and 400.000 shares of common stock Bom preferred stock and common slock were issued at par. The ending balance of retained comings as of December 31, 2024, is $2,000,000. (Use presses or minus is for amounts to be subtracted) Halber Manufacturing, Co. Balance Sheet (Partia December 31, 2024 Stockholders' Equity Paid-in Capital Preferred stock3%, 8106 Par Value Bares muthorized Retained Earring Toe Paihin Capital Treasury Stock Common Toe Stockholders' Equity equirement 2. Prepare the Halcom's stockholders equity section of the balance sheet as of December 31, 2024. Assume that Halbom was authorized to issue 1.100 shares of pretened work and 400,000 shares et common stock, Bon ferred stock and common stock were issued a per. The ending balance of retained earnings of December 31, 2004. i $2,080.000. (Use parentheses or a minca sign for mounts to be abled) Haiborn Manufacturing, Co Balance Sheet (Partial) December 31, 2024 Stockholders' Equity Paid in Capital Preferred to 0%, 5106 Par Value shares and
