Please complete the following requirements.

Homework: Chapter 13 homework Save 1 of 1 (0 complete) HW Score: 0%, 0 of 1 pt Score: 0 of 1 pt P13-42A (similar to) Question Help Starbor Manufacturing Co. completed the following transactions during 2018: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Starborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a $0.50 per share dividend on the 90,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15, Date Accounts and Explanation Debit Credit Jan. 16 Choose from any list or enter any number in the input fields and then click Check Answer. & parts 0 remaining Clear All Check Answer Jan. Feb. Jun. Jul. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a $0.50 per share dividend on the 90,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. 15 Paid the cash dividends. 10 Split common stock 2-for-1. 30 Declared a 50% stock dividend on the common stock. The market value of the common stock was $12 per share. 15 Distributed the stock dividend. 26 Purchased 5,400 shares of treasury stock at $11 per share. 8 Sold 2,700 shares of treasury stock for $13 per share. 30 Sold 1,600 shares of treasury stock for $7 per share. Aug. Oct. Nov. Print Done A Requirements 1. Record the transactions in Starborn's general journal. 2. Prepare the Starborn's stockholders' equity section of the balance sheet as of December 31, 2018. Assume that Starborn was authorized to issue 1,400 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,060,000. Print Done