QUESTION 1 00 points On January 1, 2017, Sidebar Incorporation began operations. The company authorized 100,000 shares of $4 par value common stock. The company's transactions are as follow January 1: Issued 30,000 shares of common stock, $200,000. January 2: Paid fees associated with obtaining the charter and starting up and organizing the corporation, $24,000. February 10: Issued 13,000 shares of common stock, $130,000. February 15: Purchased 5,000 shares of common stock, $50,000 March 31: The board of directors declared a $0.20 per share cash dividend to be paid on June 15 to shareholders of record on June 10. 1. Prepare the journal entries to record the transactions above. (50 points) 2. Prepare the stockholders' equity section of Sidebar's balance sheet on March 31, 2017. Net income ear (50 points) ed during the quarter was $30,000