Homework: Ch 13 Homework Score: 0 of 8 pts P13-38A (similar to) Save 2 of 2 (1 complete) D HW Score: 4.2496, 0.64 of 15 pts EQuestion Help Dearborn Manufacturing Co. completed the tollowing transactions during 2016 (Click the icon to view the transactions) Requirements 1. Record the transactions in Dearbon's general journal 2. Prepare the Dearbom's stockholders equity section of the balance sheet as of December 31. 2016. Assume that Dearborn was authonized to issue 1.500 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 eamings as or December 31.2016, Is $2,090,000 d More Info Requirement 1. Record the transactions in Dearbon's general jourmal (Record debits frst, then cre required" on the first line of the Accounts and Explanation column and leave the remaining cells blan Jan. 16: Declared a cash dividend on the 5%, $96 par noncumulative preferred stock (950 shares out outstanding. The date of record is January 31, and the payment date is february 15 Declared a cash dividend on the 5% 596 par noncumulative preferred stock (950 shares outstanding). Declared a S0.30 per share dividend on the 105,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Jan. 16 Date Accounts and Explanation Debit Jan. 16 Feb Jun. JUL 15 Paid the cash dividends. 10 Split common stock 2-for-1 30 Declared a 30% stock dividend on the common stock The market value of the common stock was $12 per share Choose from any list or enter any number in the input fields and then click Check Answer Aug. 15 Distributed the stock dividend Oct. 26 Purchased 1.000 shares of treasury stock at $8 per share Nov 8 Sold 500 shares of treasury stock for $10 per share parts remaining 30 Sold 300 shares of treasury stock for $4 per share