Required information [The following information applies to the questions displayed below.) Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,000, declared no dividends, and the following selected b. Reacquired 1,800 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 900 of the shares in transaction (b) two months later at $18 cash per share. Required: Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity Cash 696,000 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Total Stockholders' Equity