Data table Paid-In Capital: Stockholders' Equity Common Stock-$10 Par Value; 150,000 shares authorized, 25,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity Print Done $ 250,000 350,000 600,000 164,000 $ 764,000 More info Feb. 6 Declared a 10% stock dividend on common stock. The market value of Morrissey's stock was $21 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 1,900 shares of treasury stock at $21 per share. Nov. 27 Declared a $0.25 per share cash dividend on the common stock outstanding. Print Done Cash Cash Dividends Common Stock-$10 Par Value Common Stock Dividend Distributable Dividends Payable-Common Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Retained Earnings Stock Dividends Treasury Stock-Common The balance sheet of Morrissey Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Morrissey completed the following selected transactions: 1 (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line Feb. 6: Declared a 10% stock dividend on the common stock. The market value of Morrissey's stock was $21 per share. Date Feb. 6 Accounts and Explanation Feb. 15: Distributed the stock dividend. Date Feb. 15 Debit Credit Accounts and Explanation Debit Credit Jul. 29: Purchased 1,900 shares of treasury stock at $21 per share. Date Jul. 29 Accounts and Explanation Debit Credit Nov. 27: Declared a $0.25 per share cash dividend on the common stock outstanding. (Round your answers to the nearest whole dollar.) Date Nov. 27 Accounts and Explanation Debit Credit Requirement 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Morrissey's net income for the year was $87,000. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully and do not abbreviate.) Morrissey Management Consulting, Inc. Statement of Retained Earnings Year Ended December 31, 2024 Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. (Use parentheses or a minus sign for amounts to be subtracted.) Morrissey Management Consulting, Inc. Balance Sheet (Partial) December 31, 2024 Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Stockholders' Equity