Sun Corporation received a charter that authorized the issuance of 1.000 shares of $5 pat common stock and 21,000 shares of $125 par, 7 percent cumulative preferred stock Sun Corporation completed the following transactions during its first two years of operation Year 1 Jan. 5 sold 16,650 shares of the 55 par common stock for 17 per share. 12 Sold 2,100 shares of the 7 percent preferred stock for $135 per share. Apr. Sold 22,200 shares of the $5 par common stock for 59 per share Dec. 31 During the year, earned 5313,900 in cash revenue and paid $237,400 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2 Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year 1. Mar. Sold 3,150 shares of the $125 par preferred stock for $145 per share. May 5 Purchased 500 shares of the common stock as treasury stock at $10 per share Dec.31 During the year, earned 5246,100 in cash revenues and paid 5173,400 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and > 50.50 per share dividend on the common stock. Required 0. Organize the transaction data in accounts under an accounting equation b. Prepare the stockholders' equity section of the balance sheet at December 31, Year 1 c. Prepare the balance sheet of December 31, Year 2 Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is the account title. Leave the cell blank if there is no effect.) SUN CORPORATION Accounting Equation Stockholders' Equity Event Assest Liabilities Cash Dividends Payable Preferred Stock Common Stock Paid in Capital in Excess of Preferred Stock Paid in Capital in Excess of Common Stock Treasury Stock Retained Earnings Account Titles for Retained Earnings Year 1 Jan 5 Jan 12 Apr 5 Dec 31 Dec 31 Dec 31 Bat 0 ol. 0 01+ olt 0 0 + 0 Year 2 Feb 15 Mar 3 May 5 Dec 31 Dec 31 Dec 31 + + Bal 0 0+ 0 0+ 0 Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare the stockholders' equity section of the balance sheet at December 31, Year 1. SUN CORPORATION Balance Sheet (Partial) As of December 31. Year 1 Stockholders' equity Total paid in capital 0 Total stockholders' equity $ 0