stock, 6,000 shares issued and outstanding s 300,000 Common stock, 40,000 shares issued and outstanding Paid-in capital in excess of pawr -Preferred stock Paid-capital-n excess of par-common stock Retained earnings 850,000 Issued 20.000 shares of common stock at 526 per share 00 treasury shares at S20 per share 21 Declared a S0.25 per share cash dividend on the common stock and declared the preferred d Required: Record the journal entries for the transactions listed above (7 points) 2 Prepare the Stockholders Equity section of the balance sheet for Sands on 12/31/2017 (3 points)