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Par-Common.) Tree Top Company had the following transactions in 2027 : (Click the icon to view the transactions.) Read the requirements. Requirements Dec. 20: Declared a 10\% common stock dividend when the market value of the stock was $9.00 per share. 1. Journalize the transactions. 2. Calculate the balance in Retained Earnings on December 31,2027 . Assume the balance on January 1,2027 was $5,500 and net income for the year was $418,000. 3. Prepare the stockholders' equity section of the balance sheet as of December 31, 2027. There was no preferred stock issued prior to the 2027 transactions. Der. 31. Paid the cash dividends Requirement 2. Calculate the balance in Retained Earnings on December 31, 2027. Assume the balance on January 1,2027 was $5,500 and net income for the year was $418,000. Complete the table below to calculate the balance in Retained Earnings on December 31, 2027. Requirement 3. Prepare the stockholders' equity section of the balance sheet as of December 31,2027 . There was no preferred stock issued prior to the 2027 transactions. Review the iournal entries from Requirement 1. Par-Common.) Tree Top Company had the following transactions in 2027 : (Click the icon to view the transactions.) Read the requirements. Requirements Dec. 20: Declared a 10\% common stock dividend when the market value of the stock was $9.00 per share. 1. Journalize the transactions. 2. Calculate the balance in Retained Earnings on December 31,2027 . Assume the balance on January 1,2027 was $5,500 and net income for the year was $418,000. 3. Prepare the stockholders' equity section of the balance sheet as of December 31, 2027. There was no preferred stock issued prior to the 2027 transactions. Der. 31. Paid the cash dividends Requirement 2. Calculate the balance in Retained Earnings on December 31, 2027. Assume the balance on January 1,2027 was $5,500 and net income for the year was $418,000. Complete the table below to calculate the balance in Retained Earnings on December 31, 2027. Requirement 3. Prepare the stockholders' equity section of the balance sheet as of December 31,2027 . There was no preferred stock issued prior to the 2027 transactions. Review the iournal entries from Requirement 1