Required E Problem 13-6 Prepare journal entries for treasury stock transactions and for cash dividend; present stockholders' equity section of balance sheet (L.0, 2, 3) Prepare journal entries as recul 10 The stockholders' equity of Briar Company on December 31, 2017, consisted of 1.000 authorized, issued, and outstanding shares of $72 cumulative preferred stock, stated value $240 per share, which were originally issued at $1,192 per share; 100,000 shares authorized issued, and outstanding of no-par. $160 stated value common stock, which were originally issued at $160; and retained earnings of $1,120,000. Following are selected transactions and other data relating to 2018. No previous treasury stock transactions had occurred. 1. The company reacquired 2,000 shares of its common stock at $336. 2. One thousand of the treasury shares were reissued at $288. 3. Stockholders donated 1,000 shares of common stock to the company. These shares were immediately reissued at $256 to provide working capital. 4. The first quarter's dividend of $18 per share was declared and paid on the preferred stock. No other dividends were declared or paid during 2018. The company suffered a net loss of $224,000 for the year 2018. a. Prepare journal entries for the preceding numbered transactions. b. Prepare the stockholders' equity section of the December 31, 2018, balance sheet. Required