Reported 400,000 shares of $1 par common stock authorized with 90,000 shares issued and outstanding. Paid-in capital in excess of Parcommon had a balance of $280,000. Retained earnings had a balance of $101,000. During 2016, the company completed the following selected transactions.

Prepare the stockholders equity section of the balance sheet at dec 31 2016, assuming the colony earned $75,000 of net income during the year.

The balance sheet of Sanchez, Inc.,at December 31, 2015, reported 400,000 shares of $1 par common stock authorized with 90,000 shares issued and outst par-common had a balance of $280,000. Retained earnings had a balance of $101.000. During 2016, the company completed the f (Cilick the icon to view the transactions.) Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section More Info Feb Purchased 5,000 shares of the treasury stock at $4 per share. 15 Date Accoun Mar 8 Sold 4,000 shares of treasury stock for $9 per share. Sep Declared and distributed a 15% stock dividend on the 89,000 shares of outstanding common stock. The market value of Sanchez's common stock was $9 per share Sep 28 Retained earnings 28 Dividends payable, common Print Done Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2016, assuming the company earned $75,.000 of net income proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital hoose from any list or enter any number in the input fields and then continue to the next