Please help me figure out retained earnings

December 31,2017: Paid-in capital: Preferred stock, 9.0%, 81,000 shares at $1 par $ Common stock, 313,100 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common 81,000 313,100 1,435,000 2,485,000 8,145,000 Retained earnings Treasury stock, at cost: 3,100 common shares(34,100) Total shareholders' equity $12,425,000 During 2018, several events and transactions affected the retained earnings of Consolidated Paper. Required 1. Prepare the appropriate entries for these events. a. On March 3 the board of directors declared a property dividend of 205,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $604,000). The investment shares had a fair value of $3 per share and were distributed March 31 to shareholders of record March 15 b. On May 3 a 5-for-4 stock split was declared and distributed. The stock split was effected in the form of a C. On July 5 a 2% common stock dividend was declared and distributed. The market value of the common d. On December 1 the board of directors declared the 9.0% cash dividend on the 81,000 preferred shares, e. On December 1 the board of directors declared a cash dividend of $0.50 per share on its common 25% stock dividend. The market value of the $1 par common stock was $11 per share. stock was $11 per share payable on December 28 to shareholders of record December 20. shares, payable on December 28 to shareholders of record December 20 2. Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Inc., at December 31, 2018. Net income for the year was $710,000 Required 1 Required 2 Prepare the shareholders' equity section of the balance sheet fo for the year was $710,000. (Negative amounts should be indica CONSOLIDATED PAPER, INC., [Shareholders' Equity section] December 31, 2018 Preferred stock Common stock Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Retained earnings Treasury stock Total shareholders' equity $ 81,000 398,350 2,485,000 1,435,000 (34,100) 4,365,250 $