Problem 21.4A Recording cash dividends, stock splits, appropriations of retained earnings, and donated assets: preparing the Stockholders Equity section of the balance sheet. LO 21-5, 21-7. 21.8. 21-9, 21-11 The Stockholders' Equity section of the balance sheet of Willy Corporation on January 1, 2019, is shown below, selected transactions for the year follow Standers' Equity Preferred Stock 1 Paldin Capital in twee of Par Value Co s to (no per value, 50 stated value 210,000 shares authorized) Issued and Outstanding. 2,900 Shares Paldis Capital in Statele el Pais Capital Total Stockholders Equity haar of the foresti This ta s ty State la reine that retained wings sal to the cost of treasury stort heldust he appropriated record the purchase and the propriation of retained Declared twice for stor split of stocktach shareholder will any shares assignally wed Stated value is reedte 4 Declared for i stock split of stocktach wareholder will twice as many shares as riginally owned. Stated value is reduced to 25 per share. Date of record in March 15. Date of issue of new shares in April points April 1 Issued new shares called for by split June 17 Declared semiannual dividend of 5 percent on preferred stock, to be paid on July 12 te holders of record on June 3e. July 12 Paid cash dividend on preferred stock Sept. 25 Purchased Soo shares of outstanding preferred stock at $10 per Share to be held a treasury stock Record propriated retained earnings w el te cost of the treasury stock Dec. 15 Declared sensualcash dividend of 5 percent o preferred stock to be paid on January 12 to holders of record on December 10. 15 Declared cash dividend of $1.30 per share on Common stock to be paid on January 12 to holders of record on December 30. 15 Accepted title to atract of land with an appraised value of $15,000 the City of Greenville. The tract is to be used as a building site for the corporation's new factory 31 Had net income after taxes for the year of 1,000. Give the entry to close the Income Sumery account Required: 1. Open the stockholders' equity accounts in the general ledger and enter the beginning balances. In addition to the accounts listed open the following accounts: Donated Capital, Treasury Stock-Preferred, Retained Earnings-Appropriated for Treasury Stock 2. Record the transactions in general journal form, 3. Post the transactions to the stockholders' equity accounts. 4. Prepare the Stockholders'Equity section of the balance sheet be reported on Analyze: I Willy Corporation had not repurchased preferred stock to place in treasury, what total stockholders equity w December 31, 2019? Problem 21.4A Recording cash dividends, stock splits, appropriations of retained earnings, and donated assets: preparing the Stockholders Equity section of the balance sheet. LO 21-5, 21-7. 21.8. 21-9, 21-11 The Stockholders' Equity section of the balance sheet of Willy Corporation on January 1, 2019, is shown below, selected transactions for the year follow Standers' Equity Preferred Stock 1 Paldin Capital in twee of Par Value Co s to (no per value, 50 stated value 210,000 shares authorized) Issued and Outstanding. 2,900 Shares Paldis Capital in Statele el Pais Capital Total Stockholders Equity haar of the foresti This ta s ty State la reine that retained wings sal to the cost of treasury stort heldust he appropriated record the purchase and the propriation of retained Declared twice for stor split of stocktach shareholder will any shares assignally wed Stated value is reedte 4 Declared for i stock split of stocktach wareholder will twice as many shares as riginally owned. Stated value is reduced to 25 per share. Date of record in March 15. Date of issue of new shares in April points April 1 Issued new shares called for by split June 17 Declared semiannual dividend of 5 percent on preferred stock, to be paid on July 12 te holders of record on June 3e. July 12 Paid cash dividend on preferred stock Sept. 25 Purchased Soo shares of outstanding preferred stock at $10 per Share to be held a treasury stock Record propriated retained earnings w el te cost of the treasury stock Dec. 15 Declared sensualcash dividend of 5 percent o preferred stock to be paid on January 12 to holders of record on December 10. 15 Declared cash dividend of $1.30 per share on Common stock to be paid on January 12 to holders of record on December 30. 15 Accepted title to atract of land with an appraised value of $15,000 the City of Greenville. The tract is to be used as a building site for the corporation's new factory 31 Had net income after taxes for the year of 1,000. Give the entry to close the Income Sumery account Required: 1. Open the stockholders' equity accounts in the general ledger and enter the beginning balances. In addition to the accounts listed open the following accounts: Donated Capital, Treasury Stock-Preferred, Retained Earnings-Appropriated for Treasury Stock 2. Record the transactions in general journal form, 3. Post the transactions to the stockholders' equity accounts. 4. Prepare the Stockholders'Equity section of the balance sheet be reported on Analyze: I Willy Corporation had not repurchased preferred stock to place in treasury, what total stockholders equity w December 31, 2019