PART B: Prepare Strand's Stockholders' Equity section: (15pts) STOCKHOLDERS' EQUITY #2 PART A: (10 pts) Using the Balance Sheet Equation below, account for the folloiwng transactions: NOTE: you can also use Journal Entries. (debits & credits) instead of the Balance Sheet Equation, if you like ASSETS Liabilities + Cash Starting Balances $500,000 -EQUITY- Common Stock APIC-Comm Stk Preferred Stock APIC-Pref Stk Treasury Stock $100,000 $125,000 $200,000 $75,000 APIC-treas stk Retained Earnings revenues (exps) (dividends) Assume Strand decides to Buy Back 1,500 shares of its Common Stock for $8/share Strand later re-issues 1,000 shares of the stock it bought back at $9/share TOTALS $500,000 $100,000 $125,000 $200,000 $75,000 $0 $0 $0 $0 $0 Assets = $500,000 Liabs = $0 + Equity = $500,000