Data table More info Requirements 1. Journalize Debb's transactions for 2017. 2. Prepare the stockholders equity section of the balance sheet as of December 31, 2017. Assume Debb had net income of $27,000,000 during 2017 and that Cash Dividends and Stock Dividends have been closed to the Retained Earnings account 3. Determine Debb's earnings per share for 2017. 4. Assuming Debb's market value per common share as of December 31,2017, was $24, calculate Debb's price/earnings ratio for 2017. Requirement 1. Journalize Debb's transactions for 2017. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. the first line of the Accounts and Explanations column and leave the remaining cells blank.) Jan 1: Issued 30,000 shares of common stock for $12 per share. Feb. 15: Issued 12,000 shares of common stock for $11 per share. Mar. 1: Declared a $1.00 per share cash dividend on its common stock to be paid on March 30 Mar. 15: Date of record for cash dividend declared on March 1 Mar. 30: Paid the cash dividend (from Mar. 1 declaration) to stockholders Mar. 30: Paid the cash dividend (from Mar. 1 declaration) to stockholders. Nov. 1: Declared a 2% common stock dividend on all common stock outstandi Nov 15 Date of record for common stock dividend declared on November 1. Nov. 15: Date of record for common stock dividend declared on November 1. Nov. 30: Distributed stock (from Nov. 1 declaration) to stockholders. Dec. 1: Purchased 8,000 shares of treasury stock-common at $15 per share vec. 1: Furcnasea 8, vu snares or treasury stock-common at $15 per snare. Dec. 20 Sold 7,000 shares of treasury stock-common at $21 per share Requirement 2. Prepare the stockholders '' equity section of the balance sheet as of December 31, 2017. Assume Debb had net inco Dividends have been closed to the Retained Earnings account. (Use parentheses or a minus sign for amounts to be subtracted ) Review the journal entries you prepared above. Requirement 2. Prepare the stockholders]' equity section of the balance sheet as of December 31,2017 . Assume Debb had net income of $27,000,000 during 2017 and that Cash Dividends and Stock Dividends have been closed to the Retained Earnings account (Use parentheses or a minus sign for amounts to be subtracted ) Review the journal entries you prepared above Requirement 3. Determine Debb's earnings per share for 2017. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviation stockholders' equity, shrs = shares. Round earnings per share to the nearest cent.) Requirement 4. Assuming Debb's market value per common share as of December 31,2017 , was $24, calculate Debb's price/earnings ratio SE= stockholders' equity, shrs = shares. All "per share" references relate to "per share of common stock". Enter amounts into the formula to