The balance sheet of Morrissey Management Consultin (Click the icon to view the stockholders' equity secti Data table During 2024, Morrissey completed the following selecte (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general Feb. 6: Declared a 10% stock dividend on the common 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 10% stock dividend on the common stock. The market value of Morrissey's stock was $29 per share. Fah 15. Miatrihuted the atnek dividend Jul. 29: Purchased 2,200 shares of treasury stock at $29 per share. Requirement 2. Prepare a retained earnings statement for the year ended December 31,2024 . Assume Morrissey's net income for the year was $87,000. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully and do not abbreviate.) The balance sheet of Morrissey Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31,2024 . (Use parentheses or a minus sign for amounts to be subtracted.) Morrissey Management Consulting, Inc. Balance Sheet (Partial) December 31,2024 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity