P13-39A (similar to) The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2015, reported the following stockholders' equity: Click the icon to view the stockholders' equity section of the balance sheet.) During 2016, Goldstein completed the following selected transactions: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2016. Assume Goldstein's net income for the year was $81,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 15% stock dividend on the common stock. The market value of Goldstein's stock was $21 per share. Date Debit Credit Feb. 6 Accounts and Explanation Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par-Common Declared a 15% stock dividend. V Data Table More Info - X Feb. 6 Declared a 15% stock dividend on common stock. The market value of Goldstein's stock was $21 per share. 15 Distributed the stock dividend. Jul. 29 Purchased 1,800 shares of treasury stock at $21 per share Nov. 27 Declared a $0.15 per share cash dividend on the common stock outstanding. Stockholders' Equity Paid-In Capital: Common Stock-$12 Par Value; 250,000 shares authorized, 27,000 shares issued and outstanding $ Paid-In Capital in Excess of Par-Common Total Paid-In Capital 324,000 370,000 694,000 157,000 Print Done Retained Earnings $ 851,000 Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 5 parts