Required information [The following information applies to the questions displayed below] Sun Corporation recelved a charter that authorized the issuance of 85,000 shares of $6 par common stock and 21,000 shares of $100 par, 8 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 Jan. 5 sold 12,750 shaxes of the $6 par comnon stock for $8 per share. 12 sold 2,100 sharen of the percent proferred stock for $110 per share. Apr. 5 sold 17,000 sharen of the $6 par connon litook for $10 per share. Dec.31 During the year, earned $315,900 in eash revenue and paid $240,900 for eash operating expenses. 31 Declared the cash dividend on the outstanding sharen of preferred stook for Year 1. The dividend will be paid on Pebruary 15 to atockholdors of record on january 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar, 3 Sold 3,150 shares of the $100 par preferred atock for $120 per share. May. 5 Purchased 500 shares of the coanon atock as treasury stock at $12 per share. Dec.31 During the year, earned $252,700 in cash revenues and paid $176,500 for cash operating oxpenses. 31 Declared the annual dividend on the preferred stock and a $0.25 per share dividend on the common stoek. Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Not all cells require input)