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November 30, 2018. 3,4,6 preparing a dets' equity cember 31, 2017 ec 31 6,550 P13-44A Journalizing dividend and treasury stock transactions, prep statement of retained

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November 30, 2018. 3,4,6 preparing a dets' equity cember 31, 2017 ec 31 6,550 P13-44A Journalizing dividend and treasury stock transactions, prep statement of retained earnings, and preparing stockholders The balance sheet of Goldstein Management Consulting, Inc. at December reported the following stockholders' equity: Reta Tota Stockholders' Equity Paid-In Capital: Common Stock-$10 Par Value; 350,000 shares authorized, 32,000 shares issued and outstanding Paid In Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 320,000 330,000 650,000 160,000 $ 810,000 During 2018, Goldstein completed the following selected transactions: Feb. 6 Declared a 15% stock dividend on common stock. The market value of Goldstein's stock was $25 per share. 15 Distributed the stock dividend. Jul. 29 Purchased 2,300 shares of treasury stock at $25 per share. Nov. 27 Declared a $0.10 per share cash dividend on the common stock outstanding, Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2018. Assume Goldstein's net income for the year was $90,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2018

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