Draught Corporation has the following capital structure at the beginning of the current year (Cick the icon to view the capital structure) Requirements a. Prepare the journal entries (including closing entries) to record each of the following transactions affecting shareholders' equity during the current year There are separate accounts for dividends payable for common stock and preferred stock Assume there are no preferred dividends in arrears Declared a total cash dividend of $894 000 on common and preferred stock Had net income for the year was $52.000. b. Prepare the stockholders' equity section of the balance sheet at the end of the current year Pata table - X 6% Preferred Stock $11.25 per value 530.000 shows Common Stock $3 per value 1.190.000 shares the ined and unde d 670,000 shares $12 d 2010.000 700 800 $12872 500 030 000 and standing Additional Paid in Capital in Excess of Par-Car Total Coated Capital Retained Eamings Tatal Stockholders Egity $ 13.602.500 Print Done Pint Done Next