Problem 11-26A (Algo) Recording and reporting stock transactions and cash dividends across two accounting cycles LO 11-3, 11-6 [The following information applies to the questions displayed below.] Sun Corporation recelved a charter that authorized the issuance of 103,000 shares of $6 par common stock and 18,000 shares of $125 par, 8 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January $ Sold 15,450 shares of the $6 par combon stock for $8 per share. January 12 Sold 1,800 shares of the 8 percent preferred stock for $135 per share. Apri1 5 Sold 20,600 shares of the $6 par connon stock for $10 per share. Decenber 11 During the year, earned $318,600 in cash revenue and paid $243,500 for cash operating experises. Decenber 31 Declared the cash dividend on the outstanding shares of preferrod stock for Year 1 . The dividend will be patd on February 15 to stockholders of record on January 10, Year 2. Yeor 2 February is Paid the cash dividend declahed on Decenber 31 , Year 1. March 3 Sold 2,700 shares of the $125 par preferred stock for $145 per share. May 5 Purchased 600 shares of the conmon stock as treasury stock at $12 per shace. Decenter 31 During the year, earned $246,900 in cash revenues and paid $176,600 for cash operating expenses. Deceaber 31 Declared the annual dividend on the preferred stock and a \$0,50 per share dividend on the comon stock. Required 2. Organlze the transaction data in accounts under an accounting equation Note: Enter ony decreases to occount balences with o minus sign. Not all cells require inpul