Choctaw Co. completed the following transactions in 2018, the first year of operation: 1. Issued 21,000 shares of $12 par common stock for $12 per share 2. Issued 3,100 shares of $22 stated value preferred stock for $22 per share 3. Purchased 1100 shares of common stock as treasury stock for $14 per share. 4. Declared a $2,500 cash dividend on preferred stock 5. Sold 600 shares of treasury stock for $16 per share 6. Poid $2.100 cash for the preferred dividend declared in Event 7 Earned cash revenues of $80,000 and incurred cash expenses of $42,000. 8. Appropriated $8,100 of retained earnings. Required a. Organize the transaction in acclants under an accounting equation b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018, Complete this question by entering your answers in the tabs below. Required Recured Drownies that transaction in accounts under an accounting equation. (nur any decreas to account balances with a minufai Select "air there is no effect on the Account Ramings) Event Axista Liilis Choctaw Co Accounting Equation for the You 2018 Stockholders'ulty Pada Capital Treasury Retained Treasury Stock Earning Cash Preferred Dividend Payable Common Appropria Retained Earning Accounting Testine Warnings 1 2. 3 4 15 . 7 - . Required . Organize the transaction in accounts under an accounting equation . Prepare the stockholders equity section of the balance sheet as of December 31, 2018 Complete this question by entering your answers in the tabs below. Required Required Organize the transaction in accounts under an accounting equation (Enter any decreases to account balances with a minus sign. Select "NA" there is no effect on the Accounts Titles for the Earnings) Event Asset - Lab Choctaw Co. Accounting Equation for the Year 2018 Stockholders' Equity Paldin Capital in Exces Thury Retained Tratury Stock Earnings Stock Divulene Cash Pferd Appropriated Retained Earning Accounting The Retained Earnings . 1 2 13 4 B . - . - 7 . Th . Total Bwired) Required a. Organize the transaction in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 Complete this question by entering your answers in the tabs below. Required A Required B Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. (Negative amount should be indicated by a minus sign.) CHOCTAW CO. As of December 31, 2018 Stockholders' equity Total Pald-In Capital Retained Earnings Total Retained Earnings Total Stockholders' Equity