Required information rt 1 of 3 (The following information applies to the questions displayed below Sun Corporation received a charter that authorized the issuance of 112,000 shares of $7 par common stock and 18,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 33 ints 2018 Jan. 5 Sold 16,800 shares of the $7 par common stock for $9 per share. 12 Sold 1,800 shares of the 5 percent preferred stock for $110 per share. Book Apr. 5 Sold 22,400 shares of the $7 par common stock for Print $11 per share. Dec. 31 During the year, earned $311,100 in cash revenue and paid $238,300 for cash operating expenses 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019 ferences 2019 Feb. 15 Paid the cash dividend declared on December 31, 2018. Mar. 3 Sold 2,700 shares of the $100 par preferred stock for $120 per share. May. 5 Purchased 500 shares of the common stock as treasury stock at $14 per share. Dec. 31 During the year, earned $245,600 in cash revenues and paid $175,700 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.75 per share dividend on the common stock. Required References a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Indicating to provide separate effect on accounting equation for Revenue, Operating expense, and leave the cell blank If there is no effect.) Sun Corporation Accounting Equation Stockholders'Equity Event Assest Liabilities Paid-in Paid-in Capital in Capital in Excess Excess of Preferred Common Stock Treasury Retaine ccounts Titles for Retained DividendsPreferregCommon Payable Stock Cash Stock Stock Earnings of Earnings Stock 2018 Jan.5 Jan.12 198,000 Apr.5 246,400 Dec.31 Dec.31 Dec.31 Bal. 151,200 O 117.600 O 33,600 0+ O180,000 O 10,000 0 0+ 595,600 O-180,000 117,600 10,000 33,600 ol+ 2019 Feb.15 Mar.3 May.5 Dec.31 Dec.31 Dec.31 Bal, 595,600 0180.000117.600 10,000 33,600 O1+