[The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $7 par common stock and 21,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 January 12 April 5 December 31 December 31 Year 2 February 15 March 3 May 5 December 31 December 31 Sold 14,700 shares of the $7 par common stock for $9 per share. Sold 2,100 shares of the 5 percent preferred stock for $135 per share. Sold 19,600 shares of the $7 par common stock for $11 per share. During the year, earned $312,100 in cash revenue and paid $239, 400 for cash operating expenses. Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Paid the cash dividend declared on December 31, Year 1. Sold 3, 150 shares of the $125 par preferred stock for $145 per share. Purchased 500 shares of the common stock as treasury stock at $14 per share. During the year, earned $245,200 in cash revenues and paid $180,000 for cash operating expenses. Declared the annual dividend on the preferred stock and a $0.25 per share dividend on the common stock. Required a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input.

[The following information applies to the questions displayed below.] Sun Corporation recelved a charter that authorized the issuance of 98,000 shares of $7 par common stock and 21,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 Sold 14,700 shares of che $7 par conmon ztock for 79 pez share. January 12 Sold 2,100 whares of the S percent preterxed stock for $135 per ahare. Decenber-31 buring the year, earned $312,200 in cash cevenue and patd $239,400 for cash operating expenses. December 31 . Declared the canh dividend on cho outacanding ahazea of proterzed atock tor Year 1 . The Year 2 expenies. common seock. Required a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input