Omega Corp. had the following on their Balance Sheet as of December 31,: Preferred Stock ($100 par value, 20,000 shared issued) Common Stock ($10 par value, 300,000 shares issued) Paid in Capital in Excess of Par Retained Earnings Treasury Stock (10,000 shares) Total Stockholders' Equity Prepare the following journal entries: (show all your work) Jan 15 Issued 50,000 shares of Common Stock for $1,200,000 $2,000,000 3,000,000 10,000,000 4,000,000 (500,000) $18,500,000 Date Account Name Debit Credit Jun 20 Purchased 5,000 shares of Treasury Stock for $11,000 Date Account Name Debit Credit Dec 15 Declared a 5% cash dividend on the preferred stock. Date Account Name Debit Credit sh Inited State Dec 18 Paid the dividend declared on December 15th Debit Credit Date Account Name Dec 20 Declared a $0.10 per share dividend on common stock I Outstanding Shares computation Shares issued as of Jan. 1 Treasury Shares as of Jan. 1 Outstanding Shares as of Jan. 1 New Shares issued Treasury Shares purchased Outstanding Shares as of Dec. 20 Dividend rate Total Dividends Debit Credit Date Account Name Date Account Name Debit Credit Dec 25 Paid the dividend declared on December 20 Date Account Name Debit Credit Complete Omega Corps stockholders' equity section on the Balance Sheet as of December 31. Hint: Update the T-accounts for compute the ending balance shared issued) shares issued) Preferred Stock (S100 par value, Common Stock (S10 par value, Paid in Capital in Excess of Par Retained Earnings Treasury Stock shares) Total Stockholders' Equity