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\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Paid-In Capital: } \\ \hline \begin{tabular}{l} Common Stock- $12 Par Value; 200,000 shares \\ authorized, 15,000 shares issued and outstanding \end{tabular} & $ & 180,000 \\ \hline Paid-In Capital in Excess of Par-Common & & 350,000 \\ \hline Total Paid-In Capital & & 530,000 \\ \hline Retained Earnings & & 163,000 \\ \hline Total Stockholders' Equity & $ & 693,000 \\ \hline \end{tabular} Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 15% stock dividend on the common stock. The market value of Patrick's stock was $23 per share. Feb. 15: Distributed the stock dividend. Jul. 29: Purchased 1,800 shares of treasury stock at $23 per share. Nov. 27: Declared a $0.10 per share cash dividend on the common stock outstanding. (Round your answers to the nearest whole dollar.) Requirement 2. Prepare a retained earnings statement for the year ended December 31,2024 . Assume Patrick's net income for the year was $88,000. 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.) 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.) Patrick Management Consulting, Inc. Balance Sheet (Partial) December 31, 2024 Stockholders' Equity Paid-In Capital: \begin{tabular}{|c|c|c|} \hline Common Stock \$12 Par Value; & & shares authorized, \\ \hline shares issued, & & shares outstanding \\ \hline \multicolumn{3}{|c|}{ Paid-In Capital in Excess of Par-Common } \\ \hline \multicolumn{3}{|l|}{ Total Paid-In Capital } \\ \hline \multicolumn{3}{|l|}{ Retained Earnings } \\ \hline Treasury Stock-Common; & & ost \\ \hline \end{tabular}