Caribbean Imports is authorized to issue 16,000 shares of common stock. During a two-month period, Caribbean completed these stock transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on January 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit i Data Table - Apr 23 Cash 51,200 Common Stock 6400 Paid-in Capital in Excess of Par - Common 44800 Apr May 23 Issued 3,200 shares of $2.00 par common stock for cash of $16.00 per share. 12 Received inventory with a market value of $11,000 and equipment with market value of $44,000 for 3,700 shares of the $2.00 par common stock. Next, journalize the transaction on February 12. Journal Entry Accounts Date Debit Credit Print Done May 11000 12 Inventory Equipment 44000 Common Stock 7400 Paid-in Capital in Excess of Par - Common Requirement 2. Prepare the stockholders' equity section of Caribbean's balance sheet for the transactions. The company's Retained Earnings account has a balance of $51,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Balance Sheet (Partial) Stockholders' Equity: par, shares shares Total paid-in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next