Halborn Manulacturing Co. cernpleted the following transactions during 2024 : (i) (Click the icon to view the transactions) Read the Requirement 1. Record tha transactions in Halbosn's goneral journal (Record dobits frat, then credits. Select the oxplanation on the last line of the journal entry table If no entry is required, select "No entry required on the first line of the Accounts and Explanation colurn and leave the remairing cetls blank.) Jan. 16. Declared a cash divitend on the 5%,5105 par noncumalative pecietred stock (900 shyres outstanding). Declared a 50.30 per share cividend on the 85.000 shares of 34 par yalue common stoek outstanding. The date of record is Jancary 31 . and the payment date is February 15 More info 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 $2,040,000