The balance sheet of Recreation, Inc., at December 31, 2017, reported 60.000 shares of 53 par common stock asthanized with 120,000 shares sued and cutstanding. Paid in capital in excess of par-common had a balance of $290,000. Retained earnings had a balance of $ 105.000. During 2018, the company completed the following selected transactions: (Click the icon to view the transactions Read the requirements. Requirement 1. Record the transactions in the journal. Explanations are not required. (Record debits frst, then credits. Exclude explanations from any journal entries.) Feb 15: Purchased 11,000 shares of treasury stock at $9 per share. Journal Entry Date Accounts Debit Credit Feb 15 Treasury Block 99.000 Cash 99.000 Mar 8: Sold 10,000 shares of treasury stock for 514 per her Joumal Entry Date Accounts Debit Credit Mar & Cash 140.000 Paid in capital, treasury stock 50.000 Treasury stack 50.000 Sep 28: Dedared and distrbutod a 5x stock clvidond on the 119,000 shares of outstanding common stock. The market value of Roncatan's common stock was $11 per share. Journal Entry Date Accounts Delt | Credit Sep 28 Retained earrings 66,450 Common slock 17.850 Pac-n capitalin excess of our COTTO 47,800 Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018, assuming the company ernied $77,000 of net income curing the year. {Enter the counts in the proper urder for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid in capital: shares Common stock Spar, 950.000 authorized shares 125,950 shans issued, outstanding 5377,850 Paic-in capital in exces of per-common 337,600 Pac-in capital treasury stock Total paid in cap Ratanad Ramings Less: Treasury stock 1,000 shares at cost (9,00n ) ha Total stockholders' equity DX More info Feb 15 Purchased 11,000 shares of treasury stock at $9 per share. Mar 8 Sold 10,000 shares of treasury stock for $14 per share. Sep 28 Declared and distributed a 5% stock dividend on the 119,000 shares of outstanding common stock. The market value of Recreation's common stock was $11 per share