On January 1, 2014, Linn Corporation had $1, 200,000 of common stock outstanding that was issued as per. It also had retained earnings of $750,000. The company issued 40,000 shares of common stock at par on July 1 and net income of 5400,000 for the year. the declaration of a 15% stock divided on December 10, 2014, for the following independent assumptions. Par value is $10, and market value is $18. Par value is $5, and market value is $20. On January 1, 2014. Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. the transactions and the closing entry for net income. Enter the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) Prepare a stockholders' equity section at December 31