Halborn Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journa entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.50 per share dividend on the 105,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Cash Dividends 57,945 Dividends PayablePreferred Dividends Payable--Common 5,445 52,500 Declared a cash dividend. Feb. 15: Paid the cash dividends. Date Debit Credit Feb. 15 Accounts and Explanation Dividends PayablePreferred Dividends Payable-Common 5,445 52,500 Cash 57,945 Paid cash dividend. Jun. 10: Split common stock 2-for-1. Date Accounts and Explanation Debit Credit Jun. 10 No entry required Jul. 30: Declared a 30% stock dividend on the common stock. The market value of the common stock was $12 per share. Date Accounts and Explanation Debit Credit Jul. 30 Stock Dividends 189,000 Common Stock Dividend Distributable 189,000 Declared a 30% stock dividend. Aug. 15: Distributed the stock dividend. Date Accounts and Explanation Debit Credit Aug. 15 Common Stock Dividend Distributable 189,000 Common Stock-$3 Par Value 189,000 Issued 30% stock dividend. Oct. 26: Purchased 8,000 shares of treasury stock at $9 per share. Date Accounts and Explanation Debit Credit Oct. 26 Treasury Stock-Common 72,000 Cash 72,000 Purchased treasury stock. Nov. 8: Sold 4,000 shares of treasury stock for $10 per share. Date Accounts and Explanation Debit Credit Nov. 8 Cash 40,000 Treasury Stock-Common 36,000 Paid-In Capital from Treasury Stock Transactions 4,000 Sold treasury stock above cost. Nov. 30: Sold 1,400 shares of treasury stock for $5 per share. Date Accounts and Explanation Debit Credit Nov. 30 Cash 7,000 4,000 1,600 Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Sold treasury stock below cost. 12,600 Requirement 2. Prepare the Halborn's stockholders.'equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to ssue 2,500 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending palance of retained earnings as of December 31, 2018, is $2,050,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: III Total Paid-In Capital Total Stockholders' Equity Requirement 2. Prepare the Halborn's stockholders.'equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 2,500 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,050,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Common Stock-$3 Par Value; Common Stock-$6 Par Value; Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of ParPreferred Preferred Stock5%, $99 Par Value; Retained Earnings Treasury Stock-Common vur ve INTIMU-Y Requirement 2. Prepare the Halborn's stockholders.' equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 2,500 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,050,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: shares at cost, shares authorized, shares issued, shares issued and outstanding, shares outstanding. Total Paid-In Capital Total Stockholders' Equity Requirement 2. Prepare the Halborn's stockholders.' equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 2,500 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,050,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: shares at cost shares authorized Total Paid-Ir shares issued shares issued and outstanding shares outstanding Total Stockholders' Equity Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Common Stock-$3 Par Value; Common Stock$6 Par Value; Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of ParPreferred Preferred Stock5%, $99 Par Value; Retained Earnings Treasury StockCommon Total Stockholders' Equity