P14-27A The baiance sheet of Lennox Health Foods, at December 31, 200 reported 100,000 shares of no-par common stock authorized, w 30,000 shares issued and a Commoa Stock balance of $180,00 Retained Earnings had a balance of $140,000. During 2008, the com pany completed the following selected transactions: Purchased 5,000 shares of treasury stock at $7 per share. pp. 694-695) Distributed a 20% stock dividend on the 25,000 shares of oxtstanding common stock. The market value of Lennox Mar. 15 Apr. 30 common stock was $9 per share. (pp. 692-693) Dec. 31 Earned net income of $110,000 during the year Closed ner income to Retained Earnings. (pp. 643-644) Requirements 1. Record the transactions in the general journal. Explanations are nox required. 2. Prepare the stockholders' equity section of Lennox Health Foods balance sheet at December 31, 2008. (pp. 693, 694-695)