Sigma Retail began operations on January 1, Year 1. Below are the transactions for the first year:

Transaction #	Date	Transaction Description	Amount
1	Jan 1, Y1	Issued common stock for cash	$130,000
2	Jan 20, Y1	Purchased inventory on account	$40,000
3	Feb 10, Y1	Paid cash for advertising	$5,000
4	Mar 5, Y1	Sold merchandise for cash (costing $30,000)	$50,000
5	Apr 1, Y1	Paid cash for employee salaries	$25,000
6	Jun 15, Y1	Purchased store fixtures on account	$20,000
7	Aug 10, Y1	Paid cash for store rent	$10,000
8	Dec 31, Y1	Declared and paid cash dividends	$8,000

Required:

1. Record the transactions in T-accounts.
2. Prepare the trial balance as of December 31, Year 1.
3. Prepare the statement of stockholders' equity for the year ended December 31, Year 1.