Flinstone Fabricating reported the following accounts on December 31, 2018: Shareholders' equity 7% Preferred Stock $ 418,000 Common Stock 1,000,000 Retained earnings 1,432,964 Treasury Stock (3,650 shares) (244,550) Flinstone Fabricating is authorized to issue two million shares of common stock with no par value. Currently, there are 40,000 shares issued. The company has also issued 22,000 shares of 7% cumulative preferred stock. All dividends have been paid through December 31, 2018. Treasury shares were purchased in 2017. During 2018, the company had net income of $238,888 and paid dividend of $1.32 to common shareholders. The following transactions occurred during 2019: 2/1/19 2/15/19 3/1/19 Sold 2,218 shares of treasury stock at a market price of $72 per share. Declared a dividend of $1.17 per common share to shareholders of record on 2/22/18. Paid the semiannual dividend on the 7% preferred stock, and the common stock dividend declared on 2/15. Purchased 3,602 treasury shares at a market price of $61.50. Omitted the semiannual dividend on the 7% preferred stock. Issued 21,000 shares of common stock at a market price of $76 per share Recorded net income of $89,624 for fiscal year 2019. 8/20/19 9/1/19 10/15/19 12/31/19 Required: 1. Record journal entries for each of the 2019 transaction. 2. Prepare a comparative statement of stockholders' equity for the years ending December 31, 2018 and December 31, 2019 in good form. 3. Prepare the financing section of the statement of cash flow for 2019. Assume there were no debt transactions for 2019. 4. Calculate earnings-per-share for 2019. 5. Calculate earnings-per-share for 2019 assuming all preferred dividends were paid