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Required Information The following information applies to the questions displayed below Sun Corporation received a charter that authorized the issuance of 106.000 shares of $4 par common stock and 19.000 shares of $75 par, 4 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 15,9ee shares of the $4 par common stock for s6 per share. 12 Sold 1,9ee shares of the 4 percent preferred stock for $85 per share. Apr. S Sold 21,288 shares of the $4 par common stock for $8 per share. Dec. 31 During the year, earned $388,700 in cash revenue and paid $242,6ee for cash operating expenses 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 1e, 2819 2010 Feb.15 Paid the cash dividend declared on December 31, 2018 Mar. 3 Sold 2,858 shares of the $75 par preferred stock for $95 per share. May. 5 Purchased 5e8 shares of the conmon stock as treasury stock at ss per share. Dec.31 During the year, earned $249,798 in cash revenues and paid $177,3e for cash operating expenses 31 Declared the annual dividend on the preferred stock and a se.se per share dividend on the common stock. b. Prepare the stockholders' equity section of the balance sheet at December 31, 2018 December 31, 2018 s equity Toal paid-in capta Total stockholders quy The following information applies to the questions displayed below Sun Corporation received a charter that authorized the issuance of 106,000 shares of $4 par common stock and 19,000 shares of $75 par, 4 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 an. 5 Sold 15,989 shares of the $4 par common stock for $6 per share. 12 Sold 1,9e0 shares of the 4 percent preferred stock for $85 per share. Apr. S Sold 21,200 shares of the $4 par common stock for $8 per share Dec. 31 During the year, earned $388,780 in cash revenue and paid $242,688 for cash operating expenses 31 Declared the cash dividend on the outstanding shares of preferred stock for 2818. The dividend wil be paid on February 15 to stockholders of record on January 18, 2819. 201 Feb. 15 Paid the cash dividend declared on December 31, 2818. Mar. 3 Sold 2,858 shares of the $75 par preferred stock for $95 per share. May. 5 Purchased see shares of the common stock as treasury stock at s8 per share. Dec. 31 During the year, earned $249,788 in cash revenues and paid $177, 3ee for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a se.se per share dividend on the common stock. c Prepare the balance sheets at December 31, 2019. (Negative amount should be Indicated by a minus sign.) Balance Sheet 31, 2019 Assets Total assets Total blites equity
