doped Sun Corporation received a charter that authorized the issuance of 92,000 shares of $7 par common stock and 20,000 shares of $75 par, 8 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operatione 2018 Jan. 5 Sold 13,800 shares of the 57 par common stock for 1 per share. 12 Sold 2,000 shares of the percent preferred stock for $5 per bare. Apr. S sold 18,400 shares of the 57 par como stock for $11 per share. Dee. 31 During the year, earned $10,000 in cash revenge and paid $335,300 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019. bo References 2019 Teb. 15 Taid the cash dividend declared on December 31, 2018. Mar. 3 Sold 3,000 shares of the 575 par preferred stock for 595 per share. way. 5 Purchased 550 shares of the con stock as treaty stock at $14 per share. Dec. 31 During the year, earned $254.100 in cash revenues and paid $178,700 ter can operating expenses. 31 Declared the annual dividend on the preferred stock and $0.50 per share dividend on the common stock. c. Prepare the balance sheets at December 31, 2019. (Negative amount should be indicated by a minus sign.) SUN CORPORATION Balance Sheet As of December 31, 2019 Asses s 0 Total asset Llabetes $ 0 Total Stockholdegaly