Sun Corcoration received a charter that authorized the i nce of 100,000 shares of $3 par common stock and 20000 shares of $100 par, 5 percent cumulative proferred stock. Sun Corporation completed the following transactions during first two years of operation et 2 of 3 2018 lan, 5 sold 16,200 shares of the $3 par cormon stock for $5 per share. 12 Sold 2. shares of the 5 percent preferred stock for $110 per share. Apr. 5 Sold 21 CAND shares of the $3 par common stock for $7 per share. Dec. 31 During the year, earned $105,600 in cash revenue and paid $237,700 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 18, 2919 2019 Feb. 15 Paid the cash dividend declared on December 31, 2018. Mar. 3 Sold 3,000 shares of the $18e par preferred stock for $120 per share. May. 5 Purchased 450 shares of the common stock as treasury stock at $6 per share. Dec. 31 During the year, earned $251,700 in cash revenues and paid $177,400 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $e.Se per share dividend on the common stock. b. Prepare the stockholders' equity section of the balance sheet at December 31, 2018 SUN CORPORATION December 31, 2018