Prepare the stockholders' equity section of Lauderdale Corporation's balance sheet as of December 31 . During the year, the following transactions affected its stockholders' journal entry is required, select \"No journal entry required\" in the first input box. Journal entry worksheet \\( \\begin{array}{lllll}4 & 5 & 6 & 7 & 8\\end{array} \\) Purchased 5,000 shares of its own stock at \\( \\$ 23 \\) cash per share. Note: Enter debits before credits. \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Accounts recelvabio } \\\\ \\hline No. & Date & Debit & Credit & Balance \\\\ \\hline & January 01 & & & 195,000 \\\\ \\hline \\end{tabular} \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Equipment } \\\\ \\hline No. & Date & Dobit & Credit & Balance \\\\ \\hline & January 01 & & & 795,000 \\\\ \\hline \\end{tabular} \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Accumulatod dopreciation - Equipmant } \\\\ \\hline No. & Date & Dobit & Credit & Balance \\\\ \\hline & January 01 & & & 72,500 \\\\ \\hline \\end{tabular} \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Common stock } \\\\ \\hline No. & Date & Debit & Credit & Balance \\\\ \\hline & January 01 & & & 500,000 \\\\ \\hline \\end{tabular} \\begin{tabular}{|l|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Paid-in capital, Common } \\\\ \\hline No. & Date & Deblt & Credit & Batance \\\\ \\hline & January 01 & & & 75,000 \\\\ \\hline \\end{tabular} \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Rotained earnings } \\\\ \\hline No. & Date & Debit & Credit & Balance \\\\ \\hline & January 01 & & & 410,000 \\\\ \\hline \\end{tabular} \\begin{tabular}{|c|c|c|c|c|} \\hline \\multicolumn{5}{|c|}{ Income summary } \\\\ \\hline No. & Date & Debit & Credit & Balance \\\\ \\hline & January 01 & & & \\( (417,500) \\) \\\\ \\hline \\end{tabular} Retained carnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at \\( \\$ 23 \\) cash per share. January 5 Directors declared a \\( \\$ 2 \\) per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on 3anuary 5. July 6 sold 2,500 of its treasury shares at \\( \\$ 27 \\) cash per share. August 22 Sold 2,580 of its treasury shares at \\( \\$ 19 \\) cash per share. Septeaber 5 Directors declared a \\( \\$ 2 \\) per share cash dividend payable on October 28 to the Septenber 25 stockholders 0 record. October 28 Paid the dividend declared on September 5. December 31 closed the \\( \\$ 417,500 \\) credit balance (from net incone) in the Income Sumnary account to Retained Earnings. General Journal tab - Journalize the transactions related to the notes and accounts payable of Lauderdale Corporation. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detal of all transactions that affect a specinc account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trlal Balance tab - General ledger software also outomates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal totai credits: Scatement of Retained Earnings tab - Prepare the Statement of Retained Earnings for the Lauderdale Corporation for the yearanded December 31. Stockholdars' Equity tab - Prepare the Stockholders' equity section of Lauderdale Corporation's December 31 balance sheet. Impact on Equity tab - For each transaction, indicate the total change in Stockholders' Equity, If any. Verify that total equity, as calsulated, agrees with the amount reported on the Stockholders' Equity tab. For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet. LAUDERDALE CORPORATION Trial Balance Junuary 01, 2021 General Ledger Statement of RE