The Cosmo Company was started by issuing 800 shares of $10 par value stock at $20 per share. The company repurchased 100 shares at a market price of $15 per share. The company later sold 50 shares at a market price of $25 per share. At the end of the first year of operations the company has $2,600 of retained earnings in addition to its contributed capital. Required 1. Prepare journal entries to record the transactions. 2. Prepare the Stockholders' Equity section of the balance sheet for Cosmo Company Date Accounts Debit Credit Stockholder's Equity Section of Balance Sheet at Year End 1 of 3 Tucson, Inc. has 30,000 shares of $10 par value common stock outstanding and retained earnings of $656,000. Tucson declares a cash dividend of 54.00 per share and shortly thereafter, a 6% stock dividend. The market price of the stock is 544 per share at the declaration date of the stock dividend. Required: Prepare the general journal entries for: 1. the declaration of the dividends and 2. the payment (or issuance) of the dividends. Date Accounts Debit Credit 2 of 3 Student Name: Requirement #1Use the 2016 financial statements located in Appendix A of your textbook, calculate the 2016 financial ratios noted below. Requirement Use the 2016 financial statements located in Appendix A of your textbook, and the companys 2018 SEC Form 10-K, to calculate the 2017 & 2018 ratios noted below. Apple 2018 SEC FORM 10K Financial Statements are: Requirement Based on your calculations of the financial ratios noted below, provide an overal comparison of Apple's performance over the three year period. One Oraph is the minimum for this summary analysis Apple Financial Data/Ratio Ratio Formulas 2018 2017 2016 No calculation Necessary Net Sales (in Millions) Just Find the Info in the FS No Calculation Necessary Net Income (S in Millions) Just Find the info in the FS Current Ratio What does Current Ratio mean? Is it best to increase or decrease?: Requirement 13: Based on your calculations of the financial ratios noted above, provide an overall comparison of Apple's performance over the 3-year period. One (1) paragraph of at least five (5) sentences is the minimum for this summary analysis 3 of 3