Sun Corporation received a charter that authorized the issuance of 116,000 shares of $5 par common stock and 21,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:

2018

Jan.	5		Sold 17,400 shares of the $5 par common stock for $7 per share.
	12		Sold 2,100 shares of the 5 percent preferred stock for $110 per share.
Apr.	5		Sold 23,200 shares of the $5 par common stock for $9 per share.
Dec.	31		During the year, earned $318,300 in cash revenue and paid $241,000 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 10, 2019.

2019

Feb.	15		Paid the cash dividend declared on December 31, 2018.
Mar.	3		Sold 3,150 shares of the $100 par preferred stock for $120 per share.
May.	5		Purchased 550 shares of the common stock as treasury stock at $10 per share.
Dec.	31		During the year, earned $254,400 in cash revenues and paid $173,300 for cash operating expenses.
	31		Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock.

Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Indicating to provide separate effect on accounting equation for Revenue, Operating expense, and "NA" for no effect.) Sun Corporation Accounting Equation Stockholders' Equity Event Assest = Liabilities Cash Dividends . Preferred. Common Payable Stock Stock Paid-in Capital in + Excess of Preferred Stock Paid-in Capital in + Excess of - Common Stock Treasury Stock Retained Earnings Accounts Titles for Retained Earnings . 2.018 2018 Jan.5 Jan. 12 Apr.5 Dec.31 Dec.31 Dec 31 Bal. . 2.018 2019 Feb. 15 Mar. 3 .. May 5 Dec 31 Dec 31 Dec 31 B.. Bal. b. Prepare the stockholders' equity section of the balance sheet at December 31, 2018 SUN CORPORATION December 31, 2018 Stockholders' equity Total paid-in capital Total stockholders' equity c. Prepare the balance sheets at December 31, 2019. (Negative amount should be indicated by a minus sign.) SUN CORPORATION Balance Sheet As of December 31, 2019 Assets Total assets Liabilities Total liabilities Stockholders' equity Total paid-in capital Total stockholders' equity Total liabilities and stockholders' equity