* More Info ns Jan. entr bla lativ Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $95 par noncumulative preferred stock (1,000 shares outstanding). Declared a $0.30 per share dividend on the 110,000 shares of $10 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 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 $8 per share. 15 Distributed the stock dividend. 26 Purchased 1,600 shares of treasury stock at $10 per share. 8 Sold 800 shares of treasury stock for $12 per share. 30 Sold 700 shares of treasury stock for $7 per share. of $! Aug. Oct. Nov. Print Done * Requirements 1. Record the transactions in Clearborn's general journal. 2. Prepare the Clearborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Clearborn was authorized to issue 1,400 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 earnings as of December 31, 2018, is $1,060,000. Print Done