Requirement 2. Prepare the stockholders' equity section of Colonel's balance sheet for the transactions. The company's Retained Earnings account has a balance of $49,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Balance Sheet (Partial) Stockholders' Equity: $ par, shares shares Total paid-in capital Total stockholders' equity Data Table Apr June 23 Issued 2,600 shares of $1.00 par common stock for cash of $17.00 per share. 12 Received inventory with a market value of $13,000 and equipment with market value of $47,000 for 3,900 shares of the $1.00 par common stock. Print Done -X 1 Requirements 1. Journalize the transactions. 2. Prepare the stockholders' equity section of Colonel's balance sheet for the transactions. The company's Retained Earnings account has a balance of $49,000. Print Done