Read the requirements Requirements 1. Record the transactions in the general journal. Requirement 1. Record the transact 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Morrissey's net income for the year was $82,000. e journal entry table.) Feb. 6: Declared a 5% stock dividen Date 3. Prepare the stockholders' equity section o 31, 2024 son of the balance sheet at December Data table. Paid-in Capital Stockholders' Equity Common Stock-$12 Par Value; 150,000 shares authorized, 30,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity More info Feb. 6 Declared a 5% stock dividend on common stock. The market value of Morrissey's stock was $27 per share. Feb. 15 Distributed the stock dividend 360.000 Jul. 29 360,000 Purchased 2,100 shares of treasury stock at $27 per share Nov. 27 Declared a $0.25 per share cash dividend on the common stock outstanding 720.000 105,000 885,000 Print Done