TB Problem $18-168($Algo$)$ On January...

On January $1,2024,$ Dolar Incorporated had the following account balances in its shareholders' equity accounts.

Common stock, $$1$ par, $247,000$ shares issued

Paid$-$in capital$-$excess of par, common

Paid$-$in capital$-$excess of par, preferred

Preferred stock, $$100$ par, $16,500$ shares outstanding

Retained earnings

Treasury stock, at cost$,4,700$ shares

$$247,000$

$494,000$

$165,000$

$1,650,000$

$3,300,000$

$23,500$

During $2024,$ Dolar Incorporated had several transactions relating to common stock.

January $15$: Declared a property dividend of $100,000$ shares of Burak Company $($book value $$11\mathrm{.}3$ per share, fair

value $$9\mathrm{.}65$ per share$).$

February $17$: Distributed the property dividend.

April $10$: A $2-$for$-1$ stock split was declared and distributed on outstanding common stock and effected in the

form of a stock dividend. $($Dolar chose to reduce Paid$-$in capital$-$excess of par.$)$ The fair value

of the stock was $$4$ on this date.

July $18$: Declared and distributed a $4\%$ stock dividend on outstanding common stock. The fair value is $$5$ per

share.

December $1$: Declared a $50$ cents per share cash dividend on the outstanding common shares.

December $20$: Paid the cash dividend.

Required:

Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December $31,2024.$ Assume

net income is $$470,000$ for $2024.$

Note: Negative amounts should be entered with a minus sign.

Required:

Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December $31,2024.$ Assume

net income is $$470,000$ for $2024.$

Note: Negative amounts should be entered with a minus sign.

Answer is not complete.