The following transactions, among others, occurred during the year: Hn. 1 Announced a 2 foril common stock spia, reducing the par value of the comman stock to 51.50 per share. Mar. 31 Comverted $60,000 take value of conveivbie bands payable (the book value of the bonds was $63,000 ) to common stock Each $1,000 bond conserted to 125 shares of common stoc lune 1 Acquired equipment with a foir market value of 550,000 in exchange for 300 shares of preferred stock Sept. I Acquired 10,000 shares of common stock for cash at 575 per share. Nov: 21 iswed 5.060 shares of common stock at 527 cash per share. Dec. 28 Sold 1.000 treasury slures at 528 per share. 31 Cosed net income of 1105,000 , to the Retaned Earnings account. Required a. Set up T-accoums for the stockholders' equity accounts as of the beginning of the year and enter the fanuary I balances. HiNT: Complete part b, below arior to entering any additional T.actount data. b. Prepore joumal entries for the guen transactions and pont them to the Taccounts above in part a Do not prepare the journal entry for the Dec. 31 transaction. but post the appropriate amoun Detemtine the ending balances for the stockholders cquity accounts