The balance sheet of Patrick Management? Consulting, Inc. at December? 31, 2015?, reported the following? stockholders' equity:

The balance shest of Patrick Management Consulting. Inc. at December 31, 2015, reported the following stockholders' equity El (Click the icon to view the stockholders' equity section of the balance sheet.) During 2016, Patrick completed the following selected transactions 1 (Click the icon to view the transactions.) Requirements Data Table Stockholders' Equity Record the transactions in the general joumal Paid-In Capital: 2.Prepare a retained earnings statement for the year ended December 31, 2016. Assume Patric's net income for the year was $85,000 3.Prepare the stockholders' equity section of the balance sheet at December 31, 2016 Common Stock-$15 Par Value; 100,000 shares authorized, 27,000 shares issued and outstanding Pald-In Capital in Excess of Par-Common Total Paid-In Capital 405,000 380,000 785,000 162,000 $ 947,000 Requireme1. Record the transactions in the general journal. (Record debits first, then credits Select the explanation on the last line of the joumal entry table.) Feb. 6: Declared a 10% stock dividend on the common stock. The market value of Patrick's stock was 520 per share Retained Earnings Date Accounts and Explanation Debit Credit Total Stockholders Equity Feb. 6 Print Done More Info Declared a 10% stock dividend on common stock The market value o Patrick's stock was $20 per share eb. 5 Distributed the stock dividend Jul. 29 Purchased 1,700 shares of treasury stock at S20 per share Nov. 27 Declared a $0.30 per share cash dividend on the common stock outstanding