General journal Stochholder's equity section Earnings T-account. Determine the ending balances for the stockholde - Prepare the stockholders' equity section of the balance sheet at Decen Do not use negative signs with your answers. Stockholders' Equity: Transactions and Balance Sheet Presentation The folowne is the stockholders' equity of Laker Corporation atfonwary i: The following transactions. among others, occurred during the year: 20 Esued 4000 thres otcommon tho at at enth per share seppe 1. Pirchaced 3,500 shares of conmbn stock an treasuny tock at 519 cath per pare. or 12.5 Sold 900 treasury staxes it 121 pershare. Det 22 issuad 600 shuce of prederies stock to 159 canh per share. 28 5ald 100 of the remaning 1 reaury pures at 518 perthere. Beswied - Prepare jocenal entries for the given transactions and post thern to the Taccounts. Do not prepare the journal entry for the Dec. 31 transaction, but post the appeopriate amount to the Retaine Eameigs Taccownt. Determine the ending balances for the stockholders' equity accounts - Prepare the stockholders equ fy section of the balance sheet as December 31