Record the transactions in Halborn's general journal. Prepare the Halborn's stockholders equity section of the balance sheet as of December 31, 2018. Assume that Halborn was authorized to issue 1,000 shares of preferred stock and 300,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2018, is $1,050,000 Jan. 16 Declared a cash dividend on the 5%, $105 par noncumulative preferred stock (900 shares outstanding). Declared a S0.50 per share dividend on the 80,000 shares of $2 par value common stock outstanding. The date of record is January 31, and the payment date is February 15 Feb. Jun. Jul 15 Paid the cash dividends. 10 Split common stock 2-for-1 30 Declared a 30% stock dividend on the common stock. The market value of the common stock was S8 per share Aug. 15 Distributed the stock dividend Oct. 26 Purchased 8,000 shares of treasury stock at S9 per share. Nov. 8 Sold 4,000 shares of treasury stock for $10 per share 30 Sold 1400 shares of treasury stock for $5 per share