The following transactions for Kramer Corporation occurred during December of the current year. Follow the step-by-step instructions to enter the transactions, process the adjusting entries, and prepare the financial statements. The transactions in this problem do not require vendor or customer names. (Kramer Corporation does not maintain vendor and customer ledgers.) You may click Info. on the toolbar for helpful check figures to audit your work. Step 1: Start Integrated Accounting 8e. Step 2: Open file IA8 Problem 08-B. Step 3: Enter your name in the Your Name text box. Step 4: Use Save As to save your file with a file name of 08-BBC Your Name (where 08-B identifies the problem, and BC represents Before Closing). Step 5: Enter the following journal transactions directly into the General Journal tab. Dec. 02 Declared and paid an annual dividend of $3.25 per share on the 55,000 shares of common stock outstanding to stockholders of record; Check No. 4253. 04 Received cash on account, covering Sales Invoice No. 3101 for $50,411.00. 05 Declared a 5-percent common stock dividend on common stock outstanding (55,000 x 5% 2,750 shares). The market value of the common stock is $31.50; Reference, Div. Note: Before this transaction, 55,000 shares of common stock with a par value of $25.20 were outstanding 06 Sold merchandise on account, $289,990.00; Sales Invoice No. 3135. The cost of the