PF13-44A (similar to) 0 More Info The balance sheet of Millan Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equily: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Millan completed the following selected transactions: (Click the icon to view the transactions.) Feb. 6 Declared a 15% stock dividend on common stock. The market value of Millan's stock was S26 per share. Distributed the stock dividend. Feb. 15 Read the requirements, Jul. 29 Purchased 2,400 shares of treasury stock at $26 per share. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journ Nov. 27 Declared a $0.15 per share cash dividend on the common stock outstanding, Feb. 6: Declared a 15% stock dividend on the common stock. The market value of Millan's stock was $25 per share. Print Done Date Accounts and Explanation Debit Credit Feb.6 Requirements X x Data Table 1. Record the transactions in the general joumal 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Millan's net income for the year was $88,000. 3. Prepare the stockholders' equily section of the balance sheet at December 31, 2024. Stockholders' Equity Print Done Pald-in Capital: Common Stock-$15 Par Value; 300,000 shares authorized, 26,000 shares Issued and outstanding $ 390,000 390,000 Paid-In Capital in Excess of ParCommon Total Pald-In Capital 780,000 158.000 Ek Answer ? Retained Earnings S 938,000 Total Stockholders' Equity Clear All Check