SECTION 3-STOCKHOLDERS EQUITY-57 points For questions 24-28, determine each journal e the Stockholders' Equity Section of the Balance sheet at the end of the year entry for Giannis Incorporated. For question For question 29, prepare 24. Giannis Inc. incorporated on January 2n, 2017. It was authorized to issue of bkto its sharholders. common stock. On January 3d, Giannis issued 90,000 shares of common The common stock shares have a par value of $1 and was sold at $18 a share. Corporation, Giannis has no beginning Retained Earnings stock to its As a new 25. On April 14h, Giannis declared a cash dividend of $16,000. 6. On April 30, Giannis determined which shareholders would receive its dividend. On June 16th, Giannis paid the dividend it had declared. September 176, Giannis bought back 20,000 shares of its own stock for $22 a share