The balance sheet of Millan Management Consulting, Inc. at December 31, 2023, reported the following stockho (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Millan completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the expla Feb. 6: Declared a 10% stock dividend on the common stock. The market value of Millan's stock was $20 per sh Date Feb. 6 Accounts and Explanation Feb. 15: Distributed the stock dividend. Date Feb. 15 Debit Credit Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Millan's net income for the year was $89,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. Data table Print Done Stockholders' Equity - Paid-In Capital: Common Stock-$15 Par Value; 200,000 shares authorized, 22,000 shares issued and outstanding $ 330,000 Accounts and Explanation Debit Credit 310,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 640,000 162,000 Retained Earnings $ 802,000 Jul. 29: Purchased 1,800 shares of treasury stock at $20 per share. Total Stockholders' Equity Print Done Next