not sure how to prepare the stockholders equity section of the companys balance sheet.

Stockholder Equity Transactions The stockholders' equity of Skowski Company on June 30, 2017, was as follows: Contributed Capital Common Stock, no par value, $6 stated value 1,000,000 shares authorized, 250,000 shares issued and outstanding Additional Paid-in Capital Total Contributed Capital $1,500,000 820,.000 2,320,000 -970.000 $3,290,000 Retained Earnings Total Stockholder's Equity Stockholders' equity transactions in the next fiscal year were as follows: a. The board of directors declared a 2-for-1 stock split. b. The board of directors obtained authorization to issue 50,000 shares of $100 par value, 6 percent noncumulative preferred stock, callable at $104. c. Issued 12,000 shares of common stock for a building appraised at $96,000. d. Purchased 8,000 shares of the company's common stock for $64,000 e. Issued 20,000 shares of preferred stock for $100 per share. f. Sold 5,000 shares of treasury stock for $35,000. g. Declared cash dividends of $6 per share on preferred stock and $.20 per share on common stock Declared a 10% stock dividend on common stock to be distributed after the end of the fiscal year. The market value was $10 per share. h. i. Closed net income for the year, $340,000. j. Closed the Dividends and Stock Dividends accounts to Retained Earnings Required: 1. 2. Prepare journal entries for the above transactions. Prepare the stockholders' equity section of the company's balance sheet on June 30, 2018 Build 3t, 000 pad n cap TD ,000 35000 Retanel eamng 0,00 ad), uo 1011800 oo, out SHOLK 3501006 Relamded Eamings ldvde pad in caplal 3Se 300 Summar Retained tarnings 0,000 tane 291,Z S09, 00