On January 1, 2018, Bowie Corp. had the following balances (all balances are normal):

Accounts	Amount
Preferred Stock, ($100 par value, 4% noncumulative, 50,000 shares authorized, 6,000 shares issued and outstanding)	$600,000
Common Stock ($5 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)	$500,000
Paid-in Capital in Excess of par, Common	200,000
Retained Earnings	900,000

The following events occurred during 2018:

On January 1, Bowie Corp. declared a 4% stock dividend on its common stock when the market value of the common stock was $12 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.

On February 15, Bowie Corp. reacquired 500 shares of common stock for $12.50 each.

On March 31, Bowie Corp. reissued 250 shares of treasury stock for $18 each.

On July 1, Bowie Corp. reissued 250 shares of treasury stock for $10 each.

On October 1, Bowie Corp. declared full year dividends for preferred stock and $2.00 cash dividends for outstanding shares and paid shareholders on October 15.

On December 15, Bowie Corp. split common stock 2 shares for 1.

Net Income for 2018 was $200,000.

A. Prepare journal entries for the transactions listed above.

B. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2018 (after taking into consideration your journal entries)

Quesuon 1! 20 polnits a. General Journal Entries Date Account Debit Credit b. Partial Classified Balance Sheet Quesuon 1! 20 polnits a. General Journal Entries Date Account Debit Credit b. Partial Classified Balance Sheet