More info Jan. 16 Declared a cash dividend on the 6%, $105 par noncumulative preferred stock (1,000. shares outstanding). Declared a $0.30 per share dividend on the 80,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends.. Jun. 10 Jul. 30 Split common stock 2-for-1. Declared a 50% stock dividend on the common stock. The market value of the common stock was $12 per share. Aug. 15 Distributed the stock dividend. Oct. 26 Nov. 8 Nov. 30 Purchased 1,600 shares of treasury stock at $10 per share. Sold 800 shares of treasury stock for $12 per share. Sold 700 shares of treasury stock for $7 per share. Requirement 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2024 Assume that Clearborn was authorized to issue 1,400 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2024, is $2,090,000. (Use parentheses or a minus sign for amounts to be subtracted) Paid-In Capital Clearborn Manufacturing, Co. Preferred Stock-6%, $105 Par Value, Balance Sheet (Partial) December 31, 2024 1400 shares issued and outstanding Stockholders' Equity 1400 shares authorized, Total Paid-In Capital