Required informntion Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2. 10.3,10.4,105,107) [The following informationt axplies fo the questions displayed betow] Lable teagne Apparet has two classes of stock nuthorized: 5%. $10 par prefetred, and $1 par value common. The following transactions alfect stockholders' equity duekg 2024 , its first yeat of operations: phyoble on Decenter 39. (Wintt olvidends are not self on treasury steck.) Dectelier lo Fay the tiot divitends declared in Dereater 1 , Problem 10-6A (Algo) Part 2 2. Prepare the stockholders' equity section of the balance sheet as of December 21,2024 , Net income for the year was $480,000. (Amounts to be deducted should be indicnted by a minus sign.)