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Next question Starbor Manufacturing Co. completed the following transactions during 2024 Click the icon to view the transactions.) Read the requirements. Nov. 30 Requirement 2.
Next question Starbor Manufacturing Co. completed the following transactions during 2024 Click the icon to view the transactions.) Read the requirements. Nov. 30 Requirement 2. Prepare the Starborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Starborn was authorized to issue 1,800 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, 2024, is $2,090,000. (Use parentheses or a minus sign for amounts to be subtracted.) Starborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2024 Stockholders' Equity Paid In Capital: Total Pald-In Capital Total Stockholders' Equity Next question Starbor Manufacturing Co. completed the following transactions during 2024 (Click the icon to view the transactions.) Read the requirements. More info Aug. 15: Distributed the stock dividend. Date Accounts and Explanatic Jan. 16 Aug. 15 Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 5%, $95 par noncumulative preferred stock (1,000 shares outstanding). Declared a 50.30 per share dividend on the 110,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15, Paid the cash dividends. 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. Distributed the stock dividend. Purchased 5,400 shares of treasury stock at $11 per share. Sold 2,700 shares of treasury stock for $13 per share. Sold 1,600 shares of treasury stock for $7 per share, Oct 26: Purchased 5,400 shares of treasury stock at $11 per Aug. 15 Oct. 26 Date Accounts and Explanatid Nov. 8 Oct. 26 Nov. 30 Print Done Nov. 8: Sold 2,700 shares of treasury stock for $13 per share Date Accounts and Explanatic Nov. 8
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