= Homework: Ch... - X More info The balance sheet of Entertainment, Inc., at D outstanding. Paid-in capital in excess of par completed the following selected transactions (Click the icon to view the transactions.) Feb 15 Purchased 5,000 shares of treasury stock at $4 per share. Mar 8 Sold 4,000 shares of treasury stock for $12 per share. Sep 28 Declared and distributed a 5% stock dividend on the 119,000 shares of outstanding common stock. The market value of Entertainment's common stock was $ 14 per share. Read the requirements, Date Account Sep 28 Retained earnings Common stock Print Done Paid-in capital in excess of Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018, assuming the company earned $111,000 of net income during the year. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Total stockholders' equity The balance sheet of Entertainment, Inc., at December 31, 2017, reported 850,000 shares of $2 par common stock authorized with 120,000 shares issued and outstanding. Paid-in capital in excess of parcommon had a balance of $310,000. Retained earnings had a balance of $109,000. During 2018, the company completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements