The balance sheet of Millan Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (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. Requirements Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 5% stock dividend on the common stock. The market value of Millan's stock was $26 per share. 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 $83,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. Date Feb. 6 Accounts and Explanation Feb. 15: Distributed the stock dividend. Date Feb. 15 Debit Credit Data table Print Done Accounts and Explanation Debit Credit Stockholders' Equity Paid-In Capital: Common Stock-$15 Par Value; 100,000 shares authorized, 27,000 shares issued and outstanding $ 405,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings 340,000 745,000 162,000 $ 907,000 Jul. 29: Purchased 2,400 shares of treasury stock at $26 per share. Date Jul. 29 Accounts and Explanation Debit Credit Total Stockholders' Equity Print Done - X