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P-F:13-44A Journalizing dividend and treasury stock transactions, preparing a statement of retained earnings, and preparing stockholders' equity (Learning Objectives 3, 4, 6) The balance sheet

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P-F:13-44A Journalizing dividend and treasury stock transactions, preparing a statement of retained earnings, and preparing stockholders' equity (Learning Objectives 3, 4, 6) The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: During 2024, Goldstein completed the following selected transactions: Feb. 6 Declared a 15\% stock dividend on common stock. The market value of Goldstein's stock was $25 per share. Distributed the stock dividend. Purchased 2,300 shares of treasury stock at $25 per share. Declared a so. 10 per share cash dividend on the common stock outstanding. Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Goldstein's net income for the year was $90,000. 2. Retained Earnings Dec. 31,2024,$126,550 2. Retained Earnings Dec. 31,2024,$126,550 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024

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