Lember 15, 2019 Problem 13-8 Davia Corporation stockholders' equity consisted of the following amounts on January 1, 2019: Stockholders' Equity Paid-in Capital Capital Stock Common stock, no par, $25 stated value; 1,000,000 shares Authorized, 400,000 shares issued and outstanding $10,000,000 Additional paid-in capital in excess of stated value 600,000 Total paid-in capital 10,600,000 Retained earnings 4,100,000 Total Stockholders' Equity $14,200,000 1/20/19 2/14/19 5/16/19 Issued 30,000 new shares of common stock for $30 per share. Purchased 20,000 of their common stock as treasury stock for $28 per share. The board of directors declared a cash dividend on common stock at $3 per share, payable on June 15, to shareholders of record on May 30. Reported net income of $2,625,000 12/31/19 Prepare the journal entries for 1/20/19, 2/14/19,5/16/19,5/30/19, and 6/15/19. Then, based on the beginning balances and the transactions, prepare the Statement of Retained Earnings for the year and the stockholders' Equity section of the balance sheet at 12/31/19