post the appropriate amount to the Retained a for the stockholders' equity accounts. P11-9A. Stockholders' Equity Section of the Balance Sheet sing your analysis from P11-8A, prepare the stockholders' equity section of the Black Corporation's balance sheet. P11-8A. Stockholders' Equity Transactions, Journal Entries, and T-Accounts The stockholders' equity of Black Corporation at January 1 follows: L04, 5, 6 $ 500,000 8 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding. Common stock, $1 par value, 100,000 shares authorized; 40,000 shares issued and outstanding .......... Paid-in capital in excess of par value-Preferred stock. ...... Paid-in capital in excess of par value-Common stock . . . . . . Retained earnings .................. Total Stockholders' Equity ........... 40,000 200,000 800,000 625,000 $2,165,000 Chapter 11 Stockholders' Equity be common stock value of the to 110 shares of for 300 shares of following transactions, among others, occurred during the year: Jan. 1 Announced a 4-for-1 common stock split, reducing the par value of the cor to $0.25 per share. Mar 31 Converted $75.000 face value of convertible bonds payable (the book value bonds was $83,000) to common stock. Each $1,000 bond converted to 110 common stock. (Record common stock entry in whole dollars. Round un June Acquired equipment with a fair market value of $90,000 in exchange for 300 preferred stock. Sept. 1 Acquired 15.000 shares of common stock for cash at $20 per share. Nov. 21 Issued 5.000 shares of common stock at $22 cash per share. Dec. 28 Sold 1.000 treasury shares at $23 per share. 31 Closed net income of $145,000, to the Retained Earnings account. the year and enter unts (set up any transaction, bu ne the ending balances Required a. Set up T-accounts for the stockholders' equity accounts as of the beginning of the year an the January 1 balances. b. Prepare journal entries for the given transactions and pose them to the T-accounts (set additional T-accounts needed). Do not prepare the journal entry for the Dec. 31 transactie post the appropriate amount to the Retained Earnings T-account. Determine the ending for the stockholders' equity accounts. P11-9A. Stockholders' Equity Section of the Balance Sheet using your analysis from P11-8A, prepare the stockholders' equity section of the Black Corporation's balance sheet