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Destiny Corporation's balance sheet as of December 31,2024 , follows: During 2025, Destiny Corporation had the following transactions: (Click the icon to view the partial
Destiny Corporation's balance sheet as of December 31,2024 , follows: During 2025, Destiny Corporation had the following transactions: (Click the icon to view the partial balance sheet.) (Click the icon to view the transactions.) Read the line of the Accounts and Explanations column and leave the remaining cells blank.) Data table Requirements 1. Journalize Destiny's transactions for 2025 . 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2025 . Assume Destiny had net income of $22,000,000 during 2025 and that Cash Dividends and Stock Dividends have been closed to the Retained Earnings account. 3. Determine Destiny's earnings per share for 2025 . 4. Assuming Destiny's market value per common share as of December 31, 2025 , was $29, calculate Destiny's price/earnings ratio for 2025
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