Clearborn Manufacturing Co. completed the following transactions during 2024: (Click the icon to view the transactions.) Read the reguirements. Requirement 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Clearborn was authorized to issue 2,000 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 31,2024 , is $2,050,000. (Use parentheses or a minus sign for amounts to be subtracted.) 24. Assume that Clearbom was authorized to issue 2,000 shares of preferred stock and 300,000 shares of common 50,000 . (Use parentheses or a minus sign for amounts to be subtracted.) Requirements 1. Record the transactions in Clearborn's general joumal. 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Clearborn was authorized to issue 2,000 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 31,2024 , is $2,050,000