STOCK. anatio 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Millan's net income for the year was $82,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. More Info Feb. 6 Declared a 10% stock dividend on common stock. The market value of Millan's stock was $30 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 1,900 shares of treasury stock at $30 per share. Nov. 27 Declared a $0.10 per share cash dividend on the common stock outstanding. Print Done Th Data Table n Paid-In Capital: Stockholders' Equity Common Stock-$12 Par Value; 300,000 shares authorized, 22,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity Print Done 264,000 350,000 614,000 163,000 777,000 y table.) Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 10% stock dividend on the common stock. The market value of Millan's stock was $30 per share. Date Feb. 6 Cash Accounts and Explanation Debit Cash Dividends Common Stock-$12 Par Value Common Stock Dividend Distributable Dividends Payable--Common Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Retained Earnings Stock Dividends Treasury Stock Common Choose from any list or enter any number in the input fields and then click Check Answer. Credit Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 10% stock dividend on the common stock. The market value of Millan's stock was $30 per share. Date Feb. 6 Accounts and Explanation Declared a 10% stock dividend. Declared cash dividend. Issued a 10% stock dividend. Purchased treasury stock Debit Credit