Dream Company had the following balances in its stockholders' equity accounts at December. 31, 2017: Common Stock, $10 Par, 25,000 Shares Authorized, 10,000 Shares Issued and Outstanding Paid in Capital in Excess of Par Value, Common Stock $100,000 $125,000 $250,000 Retained Earnings The following transactions occurred during 2018: Feb. 05 Purchased 500 of its own shares for $20 per share. May 10 Declared a $1 per share cash dividend to stockholders of record on May 20. June 12 Paid the cash dividends declared early in May 10. Aug.12 Sold 150 shares of the treasury stock for $25 per share. Sep.30 Sold the remaining treasury stock for $17 per share. Dec 20 Declared a $1 per share cash dividends to stockholders of record on December 30. Dec. 31 Determined that net income for the year was $55,000. Required (1) Prepare Journal entries to record transactions that occurred during 2018. (2) Prepare the statement of retained earnings for the year ended 31/12/2018. (3) Prepare the stockholders' equity section of the company balance sheet as of 31/12/2018