Halborn Manufacturing Co. completed the following transactions during 2024: (1) (Click the icon to view the transactions) Read the requiremensts. Requirement 1. Record the transections in Halborn's general journal. (Record debits frst, then credits. Select the explanation on the last line of the joumal entry table. Uf no entry is requirec 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 4%,$104 par nencumulative preferred stock (1,200 shares outstanding), Declared a $0.40 per share dividend on the 115,000 shares of $10 par va common stock outstanding. The date of recoed is January 31 , and the payment date is February 15 . More info Print Done Requirements 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halborn was authorized to issue 2,000 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31,2024 , is $2,030,000