P14-4A On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 90,000 shares issued and outstanding) Retained Earnings During the year, the following transactions occurred. $1,600,000 500.000 Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Apr. 1 Paid the dividend declared in February Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $16 per share Issued the shares for the stock dividend. 31 Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15. payable January 5, 2018. 31 Determined that net income for the year was $350,000. Instructions Prepare the stockholders' equity section of the balance sheet at (a) March 31, (b) June 30, (c) September 30, and (d) December 31, 2017, AH Corporation was organized on January 1, 2018. It is authorized to issue 20,000 shares of 8%, $50 par value preferred stock, and 200,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan.05 Issued 1,000 shares of preferred stocks in cash for $60 per share. Jan. 15 Issued 30,000 shares of common stocks in cash for $100,000. Feb. 01 Issued 200 shares of preferred stocks to attorney in payment for a bill of $17,000 for services. Feb. 15 Issued 75,000 shares of common stock for cash at $4 per share. Mar. 1 Purchased 4.000 common shares at $7. Aug. 2 Issued 8,000 shares of preferred stocks for a patent. The asking price of the patent was $30,000 while the market value of common stock was $5. Sep. 01 Sold 1,000 common shares at $10. Oct. 7 Sold 1,000 common shares at $6. Instructions Journalize the above transactions