Stockholders' Equity: Transactions and Statement The stockholders' equicy section of Night Corporation's balance sheet at january i follows: The following transactions aflecting stockholderst equity cocured during the year: 'ar. 12 scid all af the treasury shares for $14 cash aer share. .une 30 Eechred a five peroent tecck dvidend an all autstatding shares cf ecmmon tud. Ite marset value of the stock was $12per share. Uly 10 Ismued the smekdidend deramod jure 30 0c. 7 Accuired 2500 shares of scriman s.uck as treasury statk at \$13 cash per share. Dee. 18 Ceelsed a cash olviderd at \$1.CC peroutstanding comman share, paybbie on jantary 9 to stockhalders of recond on Decenber 3 . Required a. Prepare journal entries to recond the foregoing transactions, . Piepare a statement of stccahaldersae. ecuuity. Nel ircome to the year is $170,500. Journal Entries Journal Entries Required a. Prepare journal entries to record the foregoing transactions. b. Prepare a statement of stockholders TM equity. Net income for the year is $170,500. Stockholders' Equity: Transactions and Statement The stockholders' equicy section of Night Corporation's balance sheet at january i follows: The following transactions aflecting stockholderst equity cocured during the year: 'ar. 12 scid all af the treasury shares for $14 cash aer share. .une 30 Eechred a five peroent tecck dvidend an all autstatding shares cf ecmmon tud. Ite marset value of the stock was $12per share. Uly 10 Ismued the smekdidend deramod jure 30 0c. 7 Accuired 2500 shares of scriman s.uck as treasury statk at \$13 cash per share. Dee. 18 Ceelsed a cash olviderd at \$1.CC peroutstanding comman share, paybbie on jantary 9 to stockhalders of recond on Decenber 3 . Required a. Prepare journal entries to recond the foregoing transactions, . Piepare a statement of stccahaldersae. ecuuity. Nel ircome to the year is $170,500. Journal Entries Journal Entries Required a. Prepare journal entries to record the foregoing transactions. b. Prepare a statement of stockholders TM equity. Net income for the year is $170,500