Required Information Problem 11-27A (Algo) Recording and reporting stock dividends LO 11-4, 11-6, 11-7 [The following information applles to the questions displayed below.] Brice Company completed the following transactions in Year 1, the first year of operation: 1. Issued 35,000 shares of no-par common stock for $10 per share. 2. Issued 9,600 shares of $20 par, 5 percent, preferred stock for $20 per share. 3. Pald a cash dividend of $9,600 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $25 per share. 5. Later that year, Issued a 2 -for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $70 per share. 6. Produced $190,000 of cash revenues and incurred $88,000 of cash operating expenses. 7. Closed the revenue, expense, and dividend accounts to retained earnings. Problem 11-27A (Algo) Part c c. Prepare the stockholders' equity section of the balance sheet at the end of Year 1