Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet at December 31 , Year 1 . Prepare the balance sheet at December 31, Year 2. (Negative amount should be indicated by a minus sign.) Sun Corporation received a charter that authorized the issuance of 100,000 shares of $10 par common stock and 50,000 shares of $50 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: Year 1 Jan. 5 Sold 6,000 shares of the $10 par conmon stock for $15 per share. 12 Sold 1,000 shares of the 5 percent preferred stock for $55 per share. Apr. 5 Sold 30,800 shares of the $10 par comon stock for $21 per share. Dec. 31 During the year, earned $150,000 in cash revenue and paid $88,000 for cash operating expenses. 31 Dectared the cash dividend on the outstanding shares of preferred stock for Year 1 . The dividend witl be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on Decenber 31 , Year 1. Mar. 3 Sold 15,000 shares of the $50 par preferred stock for $53 per share. May 5 Purchased 900 shares of the comaon stock as treasury stock at $24 per share. Dec. 31 During the year, earned $210,000 in cash revenues and paid $98,000 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1. c. Prepare the balance sheet at December 31, Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is an effect to Reta account title. Leave the celi blank if there is no effect.)