si Comowe Pow CS 51 Como Como Stock Required 1. Explain the transactions underlying each journal entry through 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid in capital at year end? Balthus Corp, reports the following components of stockholder cquity at Becensber 31 of the prior year Connes par 320.000 200.000 horas ending 1 200.000 100.000 2.100 50.000 Red It completed the following transactions related to stockholders' equity during the current year Jan 10 Purchased 40,000 shares of its own stock at 12 cash per share Mar. 2 Directors declared a $1.50 per share cash dividend payable on March 31 to the March 15 stock holders of record 40.00 s 60.000 Mar 31 Paid the dividend declared on March 2 Nov. 11 Sold 24,000 of its treasury shares at $13 cash per share Nov. 25 Sold 16,000 of its treasury shares at $10.50 cash per bure. Dec. 1 Directors declared a $2.50 per share cash dividend payable on January 2 to the December 10 stockholders of record Dec 31 Closed the $1.072,000 credit balance (from net income) in the Income Summary account to Retained Earnings Required 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. A December 31, the end of Chilon Communication's third quarter, the following stockholders' equity accounts are reported Comen tack 510 Data Paisto Butanede $ 960.000 384.000 1.000.000