Instructions Journa Ledger FS CAPITAL STOCK TRANSACTIONS The balances in the stockholders' equity accounts of Waters Corporation on January 1, 2013 were $207,500.00 Preferred Stock (10%, $100 par, noncumulative, 7,500 shares authorized $654,000.00 Common Stock ($10 par value, 350,000 shares authorized $60,000.00 Paid-in Capital in Excess of Par Value Preferred Stock $1,470,000.00 Paid-in Capital in Excess of Par Value -Common Stock $332,000.00 Retained Earnings $124,800.00 Treasury Stock Common (10,400 shares NUMBER OF COMMON SHARES TREASURY OUTSTANDING ISSUED During 2013, the corporation had the following transactions related to equity Jan Beginning shar ssued 40,000 shares of common stock for a total price of $560,000 Feb. 8 Mar. 22 Purchased 17,000 additional shares of common treasury at $12 per share Sold 14,000 shares of common treasury stock for $182,000. May 3 Declared a 5% stock dividend when stock's market price is $11 per share Jul. 28 ssued shares from stock dividend on July 28 Aug. 15 Sep Declared a $.25 per share cash dividend on common stock and declared the regular dividend on preferred stock Oct Paid cash dividends declared on Sept. 13 Sold 12,400 shares of common treasury stock for Nov. 25 600 Nov. 30 Announced a 2:1 stock split and sent new shares of stock to existing stockholders Dec. 15 Sold 10,000 shares of common stock for $8 per share Determined that the net income for the year was $196,000; closed Income Dec. 3 Summary and dividend accounts. Challenge: Using the journal on the next page, prepare journal entries for the above equity transactions AND the closing entries 2. Post the journal entries into the ledge accounts) provided and update balances 3. Complete the attached balance sheet as of December 31, 2013 (be sure to fill in ALL blanks) 4. Answer the following questions: many shares of preferred stock were issued as of January 1, 2013? a. How b. What is the dividend rate per share on the preferred stock? was the per share price of treasury stock held on January 1, 2013? c. Wha d. What is the par value per share of common stock on December 31, 2013? e. What is the earnings per share of this company on December 31, 2013? (The weighted average shares of common stock outstanding was 185,530)