Clearborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements Issued 40% stock dividend Oct 26: Purchased 1,600 shares of treasury stock at $10 per share. Date Accounts and Explanation Debit Credit Oct. 26 Treasury Stock-Common Cash Purchased treasury stock Nov.8: Sold 800 shares of treasury stock for $12 per sh Date Accounts anExplaMore Info Cash Paid-In Capital from Treasury Stock Tr Treasury Stock-Common Nov. 8 Jan. 16 Declared a cash dividend on the 496 . S96 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.55 per share dividend on the 80,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Sold treasury stock above cost Feb. Jun. Jul 15 Paid the cash dividends 10 Split common stock 2-for-1 30 Declared a 40% stock dividend on the common stock. The market value of the Nov. 30: Sold 700 shares of treasury stock for S7 per sh common stock was $8 per share Date Accounts and Expl Aug. 15 Distributed the stock dividend Oct 26 Purchased 1,600 shares of treasury stock at $10 per share Nov. 8 Sold 800 shares of treasury stock for $12 per share Cash Paid-In Capital from Treasury Stock Tr Treasury Stock-Common Nov. 30 30 Sold 700 shares of treasury stock for $7 per share PrintDone Sold treasury stock below cost Requirement 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 $1,090,000. (Use parentheses or a minus sign for amounts to be subtracted.) Clearborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Preferred Stock-4%, $96 Par Value: Common Stock-$10 Par Value Total Paid-In Capital Retained Earnings Treasury Stock Common Total Stockholders' Equity