the last line c.) 0 per share Habern Manulacturion Co conpleted the following tannadbens during 2024 6. (Chick the icon to view the trarosactions) Resd the thuiamenta Requirements 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halborn was authorized to issue 2,500 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2024, is $1,050,000. Halboen Manufacturing Co. complotod the folowing transactions during 2024 (C) (Click the icon to view the transactions) Read the reghirements Requirement 1. Record the tuansactions in Halbom's general journal. (Record dobits first then credits. Sefect the explanation on the last line of the journal entry table. If no entry is required, select "No ontry required" on the first line of the Accounts and Explanation column and leave the remaining cels blank) Jan. 16: Declared a cash dividend on the 4%,$100 par noncumulative preferred stock ( 950 shares outstanding) Declared a $0.50 per share dividend on the 110.000 shares of $8 vake common stock outstanding. The date of record is January 31, and the payment date is February 15 More info Requirements 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halborn was authorized to issue 2,500 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2024, is $1,050,000