[The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2015 2014 Net income $ 159 $ 235 Dividends on preferred stock 28 19 Average shares outstanding (in millions) 300 500 Stock price $ 11.22 10.17 Record each of these transactions. Prepare the stockholders equity section of the balance sheet as of December 31, 2015. Net income for the year was $4,870,000.