O'Connor Communications, Inc., began 2016 with 260,000 shares of $1 par common stock issued and outstanding. Beginning Paid-in capital in excess of par--common was $640,000, and retained earnings was $740,000. In February 2016, O'Connor Communications, Inc., issued 14,000 shares of stock at $11 per share. In August, when the stock's market price was $13 per share, the board of directors distributed a 20 percent stock dividend. Read the requirements Requirement 1. Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 20 percent stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the issuance of common stock for cash. Journal Entry Accounts Debit Credit Date Feb Record the declaration and distribution of the stock dividend. Journal Entry Debit Credit Date Accounts Aug Record the declaration and distribution of the stock dividend. Journal Entry Date Accounts Debit Credit Aug Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2016 (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. For accounts with a $0 balance, leave the cell blank. Do not enter a "o) O'Connor Communications, Inc. Statement of Stockholders' Equity Year Ended December 31, 2016 Additional Commonpaid-in Retained capital stock earnings Total i Requirements Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 20 percent stock dividend. Prepare the company's statement of stockholders' equity for the year ended December 31, 2016. Ignore net income. 1. 2. Print Done The cash flow statement is the communicating link between the: O A. cash reported on the Balance Sheet and the Statement of Stockholders' Equity O B. Statement of Stockholders' Equity and the cash reported on the Balance Sheet. C. cash reported on the Balance Sheet and the accrual based income statement. O D. Income Statement and the Statement of Stockholders' Equity The net working capital for a company with current assets of $66,000, quick assets of $29,000 total assets of $180,000, current liabilities of $48,000 and net sales of $82,000 would be: OA. $47,000 OB. $18,000. C. $66,000. D. $95,000 Winters, Inc. has a cash balance of $85,000; short-term investments of $18,000; net receivables of $63,000; and inventory of $410,000. Current liabilities total $180,000. Winters' current ratio is: (Round your final answer to two decimal places.) O A. 0.92 to 1 O B. 0.82 to 1 O C. 285 to 1. O D. 3.20 to 1