The balance sheet of Sanchez, Inc., at December 31, 2017, reported 900,000 shares of $1 par common stock authorized with 120,000 shares issued and outstanding. Paid-in capital in excess of par-common had a balance of $312,000. Retained earnings had a balance of S103,000. During 2018, the company completed the following selected transactions: (Click the * Requirements - X Read the real Pald-in cap Commo 1. Record the transactions in the journal. Explanations are not required. 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018, assuming the company earned $73,000 of net income during the Paid-in year. Paid in Redute Paid-in capitai: Common stock, $1 par, shares authorized shares outstanding Paid-in capital in excess of par-common Paid-in capital - treasury stock Total paid-in capital Retained earnings Less: Treasury stock 6 shares at cost 2000 Feb 15 Purchased 5,000 shares of treasury stock at $8 per share. Mar 8 Sold 4,000 shares of treasury stock for 514 per share. Sep 28 Declared and distributed a 10% stock dividend on the 119,000 shares of outstanding common stock. The market value of Sanchez's common stock was $13 per share