The following accounts appear in the ledger of Bau Inc. before transactions listed below: Common Stock, no par, $2 stated value, 400,000 shares authorized; 300,000 shares issued $ 600,000 Common Stock Dividends Distributable 30,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,200,000 Preferred Stock, $5 par value, 8% 40,000 shares authorized; 30,000 shares issued 150,000 Retained Earnings 800,000 Treasury Stock (10,000 common shares) 74,000 Paid-in Capital in Excess of Par-Preferred Stock 344,000 Transactions not recorded in the above accounts: Stock dividends are distributed b 4,000 shares of treasury stock are sold for $24,000. Cash dividends of $1.00 per common share, and all preferred dividends are declared and paid. d A 2:1 stock split is declared when the market price is $70 per share. Instructions 1 Record the transactions above. Assume they occurred in the order listed. 2 Prepare the stockholders' equity section at December 31, assuming retained earnings is restricted plant expansion in the amount of $100,000.for a