Clearbor Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions) Read the requirements. Requirement 1. Record the transactions in Clearbom's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan 16: Declared a cash dividend on the 4%, $98 par noncumulative preferred stock (1,200 shares outstanding). Declared a 30.55 per share dividend on the 105,000 shares of 36 par value common stock outstanding. The date of record is January 31 and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 18 Cash Dividends 62 858 4.808 Dividends Payable_Preferred Dividends Payable-Common 571750 Declared a cash dividend Feb. 15 Paid the cash dividends. Date Accounts and Explanation Debit Credit 4.800 Feb 15 Dividends Payable-Preferred Dividends Payable-Common Cash 57.750 82 350 Paid cash a vidend Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check ARGE (Click the icon to view the transactions.) Read the requirements. Paid cash dividend. Jun. 10: Split common stock 2-for-1. Debit Accounts and Explanation Date Credit Jun. 10 No entry required Jul. 30: Declared a 40% stock dividend on the common stock. The market value of the common stock was $9 per share. Debit Accounts and Explanation Date Credit 252,000 Jul 30 Stock Dividends Common Stock Dividend Distributable 252.000 Declared a 4096 stock dividend Aug. 15. Distributed the stock dividend. TI Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check An Declared a 40% stock dividend. Aug. 15: Distributed the stock dividend. Date Accounts and Explanation Debit Credit Aug. 15 Common Stock Dividend Distributable 252,000 Common Stock-$3 Par Value 252.000 Issued 40% stock dividend. Oct. 28: Purchased 1,600 shares of treasury stock at $10 per share. Date Debit Credit Oct. 26 Accounts and Explanation Treasury Stock-Common Cash 16.000 16.000 Purchased treasury stock Nov. 8: Sold 800 shares of treasury stock for S 12 per share. Choose from any list or enter any number in the input fields and then click Check Answer s of treasury stock for $12 per share. - X Requirements 1. Record the transactions in Clearborn's general journal. 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Clearborn was authorized to issue 2.200 shares of preferred stock and 300.000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018. is $1.050.000. Done Treasury StookCommon pare the Cearoorn's stockholders' equity section of the balance sheet as of December 31, 2018 Purchased treasury stock Nov. 8: Sold 800 shares of treasury stock for $12 per share. Date Accounts and Explanation Debit Credit Nov. 8 Cash 9.600 8.000 Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions 1,800 Sold treasury stock above cost. Nov. 30: Sold 700 shares of treasury stock for $7 per share. Date Accounts and Explanation Debit Credit Nov. 30 Cash 4,900 1.800 500 Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Sold treasury stock below cost 7,000 Requirement 2. Prepare the Clearborn's stockholders equity section of the balance sheet as of December 31, 2013. A Clearborn was authorized to issue 2 200 shares of preferred stock and 300.000 shares of common stock. Both preferred common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1050,000. (Us a minus sign for amounts to be subtracted Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Sold treasury stock below cost Requirement 2. Prepare the Clearborn's stockholders D'equity section of the balance sheet as of December 31, 2018. Assume that Clearbom was authorized to issue 2.200 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,050.000. (Use parentheses o a minus sign for amounts to be subtracted.) Clearborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-in Capital: Total Paid-in Capital Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. Declared a cash dividend on the 4%. $98 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.55 per share dividend on the 105.000 shares of 38 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Jan. 16 Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Declared a 406 stock dividend on the common stock The market value of the common stock was S9 per share. Jul 30 Distributed the stock dividend. Aug. 15 Oct. 26 Nov. 8 Purchased 1 600 shares of treasury stook at $10 per share Sold 800 shares of treasury stock for $ 12 per share. Sold 700 shares of treasury stock for 57 per share. Nov. 30