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zor 2 (2 complete) HW Score: 63 42%, 951 of 1 BP13-38A (similar to) Question Help 400 500 (Click the icon to view the transactions) Requirements Record the transactions in Clearbom's general journal 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2016 Assume that Clearbom was authorized to sue 2,000 shares of preferred stock common stock. Both preferred stack and common stock were issued at par. The ending balance of retained earnings as of December 31, 2016, is 52,030,000 Paid-in Capital from Treasury Stock Transactions 1,600 Retained Earnings Treasury Stock-Common 7.000 Sold treasury stock below cost Requirement 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2016. Assume that Clearhom was authorized to issue 2.000 shares of preferred stock shares of common stock Both preferred stock and common stock were issued at par The ending balance of retained earnings as of December 31, 2016. is $2,030,000. (Use parentheses or a minus sign for amounts to be subtracted) Clearborn Manulacturing, Co. More Info Balance Sheet (Partial December 31, 2016 Stockholders' Equity Jan 16 Ledared a cash dividend on the 5%, 5103 par noncumulative preferred stock (1.050 shares outstanding) Declared a $0 20 per share dividend on the 110 000 Paid-in Capital shares of $10 par value common stock outstanding the date of record is January Preferred Stock-6%. 5103 Par Value; 2,000 shares authorized 31. and the payment date is February 15 Feb 15 Paid the cash dividendo 1.050 shares issued and outstanding Jun 10 Split common stock 2 for 1 Common Stock-$5 Par Value 400,000 shares authorized Jul 30 Declared a 50% stock dividend on the common stock. The market value of the comenon stock was $11 per share 220000 shares issued and outstanding Aug 15 Distributed the stock dividend Oct 26 Purchased 1.600 shares of treasury stock at $10 per share. Total Paid In Capital Noy Sold 800 shares of treasury stock for $12 per share Retained Earnings 2.030,000 1 3 0 Sold 700 shares of treasury stock for $7 per share Treasury Stock-Common shares at cost Print Done Total Stockholders' Equity / / Choose from any list or enter any number in the input nekds and then click Check