TB PR Qu. 10-184 (Static) Sweet Sixteen has the following beginning balances... Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January 1, 2024: preferred stock, $100,000, common stock, $20,000; additional paid-in capital, $380,000; and retained earnings, $450,000. Net income for the year ended December 31,2024 , is $65,000. The following transactions affected stockholders' equity during 2024 : March 1 Issues 3,600 additional shares of $1 par value common stock for $22 per share. April 1 Issues 5,000 additional shares of s100 par value preferred stock for $110 per share. June 1 Declares a cash dividend on comton stock of $1 per share and a cash dividend on preferred stock of $5 per June 30 Pays the cash dividends declared on June 1. August 1 Purchases 2,000 shares of common treasury stock for $18 per share. october 1 Resells 1,000 shares of treasury stock purchased on August 1 for $20 per share. Taking into consideration the beginning balances and all the transactions during 2024, respond to the following for Sweet Sixteen: Required: 1. Prepare the statement of stockholders' equity for the year ended December 31,2024. 2. Prepare the stockholders' equity section of the balance sheet as of December 31,2024. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31,2021 . (Amounts to be deducted should be indicated by a minus sign.)