Required information transactions affet stockholders' equily during 2024, its first year of operations 2. Prepare the stocholiders equity section of the balance sheet as of December 31,2024 . Net income for the year was $480,000 (Amounts to be deducted should be indicoted by o minus sign.) payable on December 30. (Hint: Dividends are not paid on treasur December 30 Pay the cash dividends declared on December 1. 2. Prepare the stockholders' equity section of the balance sheet as of December 31 , (Amounts to be deducted should be inclicated by a minus sign.)