Paid-In Capital: Stockholders' Equity Common Stock-$10 Par Value; 300,000 shares authorized, 28,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ 280,000 380,000 660,000 164,000 $ 824,000 Feb. 6 Declared a 10% stock dividend on common stock. The market value of MacMillan's stock was $26 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 2,200 shares of treasury stock at $26 per share. Nov. 27 Declared a $0.20 per share cash dividend on the common stock outstanding. 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 10% stock dividend on the common stock. The market value of MacMillan's stock was $26 per share. Date Feb. 6 Accounts and Explanation Feb. 15: Distributed the stock dividend. Date Feb. 15 Debit Credit Accounts and Explanation Debit Credit Jul. 29: Purchased 2,200 shares of treasury stock at $26 per share. Date Jul. 29 Accounts and Explanation Debit Credit Nov. 27: Declared a $0.20 per share cash dividend on the common stock outstanding. (Round your answers to the nearest whole dollar.) Date Nov. 27 Accounts and Explanation Debit Credit Requirement 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume MacMillan's net income for the year was $89,000. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully and do not abbreviate.) MacMillan Management Consulting, Inc. Statement of Retained Earnings Year Ended December 31, 2024 Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. (Use parentheses or a minus sign for amounts to be subtracted.) MacMillan Management Consulting, Inc. Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Balance Sheet (Partial) December 31, 2024 Stockholders' Equity