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Requirement 2. Prepare the Halborn's stockholdersb'equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 2,400 shares of preferred stock and 400,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $2,010,000. (Use parentheses or a minus sign for amounts to be subtracted.) Halborn Manufacturing, Co. Balance Sheet (Partial) December 31, 2018 Stockholders' Equity Paid-In Capital: Preferred Stock4%, $96 Par Value; 1,200 shares issued and outstanding 2,400 shares authorized, $ 115,200 Common Stock-$2 Par Value; 400,000 shares authorized, 220000 shares issued 266000 shares outstanding 440000 555200 Total Paid-In Capital Retained Earnings 2,010,000 (23,400) Treasury StockCommon; 2,600 shares at cost 1986600 Total Stockholders' Equity More Info X Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 4%, $96 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.40 per share dividend on the 110,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 50% stock dividend on the common stock. The market value of the common stock was $10 per share. 15 Distributed the stock dividend. 26 Purchased 8,000 shares of treasury stock at $9 per share. 8 Sold 4,000 shares of treasury stock for $10 per share. 30 Sold 1,400 shares of treasury stock for $5 per share. Aug. Oct. Nov. Print Done