The stockholders' equity accounts of Jacob Corporation on January 1, 2019, contained the following balances: 2 Preferred stock (100, $100 par value, 4,000 where authorised) Traved and Outstanding, 1,450 shares Paid-in Capital in excess of Par Value-Preferred Common Stock (020 par value, 26,000 waren uthorised) Tanged and Outstanding, 13,000 Shares Retained Tornings Total stockholders' Equity $145,000 1,450 $ 146,450 Shtoped 260,000 403, 200 109,650 DATE TRANSACTIONS June 15 Declared a semiannual dividend of 5 percent on preferred stock, payable on July 15 to stockholders of record on June 30. July 15 Paid the dividend on preferred stock. Dec. 15 Declared a semiannual dividend of 5 percent on preferred stock, payable on January 15, 2020, to stockholders of record on December 31, 2019, and a cash dividend of $3.60 per share on common stock, payable on January 15, 2020, to stockholders of record on December 31, 2019. Moke separate entries 15 Declared a 5 percent common stock dividend to common stockholders of record on December 31, 2019. The new shores are to be issued on January 15, 2020. A for value price of $30 per share is expected for the new shores of common stock Dec. 31 Created an appropriation of retained earnings for contingencies" of $56,000 because of the poor economic outlook. 31 The Income Summary account contained a debit balance of $18,000. The board had anticipated a net loss for the year and no quarterly deposits of estimated Income taxes were made, so income taxes may be ignored. Required: 1. & 2. Record the above transactions in the general Journal for 2019 and Post them to the Retained Earnings account (381) and record the January 1, 2019, balance 2 Required: 1. & 2. Record the above transactions in the general Journal for 2019 and Post them to the Retained Earnings account (381) and record the January 1, 2019, balance. 3. Prepare a statement of retained earnings for the year 2019, Analyze: If Jacob Corporation had not declared cash or stock dividends for common stockholders, what balance would be found in the unappropriated Retained Earnings account at December 31, 2019? siped Complete this question by entering your answer in the tabs below. General Journal Ret Eam Ledger Stmt of Ret Earn Analyze Record the above transactions in the general entry required in the first account field for 2019. Ir entry required for a particular transaction, select "No jouma View transaction list Journal entry worksheet 2 3 4 5 6 7 8 > Record the S% dividend on preferred stock, payable July 1s to holders of record June 30 Note: Enter debit before it General Journal Debit Credit Date - PARA 2 General Journal Ret Earn Ledger Stmt of Ret Earn Analyze Record the above transactions in the general journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Skipped View transaction list Journal entry worksheet 2 1 3 4 5 6 7 8 Record the 5% dividend on preferred stock, payable July 15 to holders of record June 30. Note: Enter debits before credits Date General Journal Debit Credit Jun 15, 2019 Record entry Clear entry View general Journal General Journal 2 Ret Earn Ledger Stmt of Ret Fam Analyze Record the above transactions in the general journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) Skipped View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record the dividends paid on preferred stock. Notel Enter debits before credits Date General Journal Debit Credit Jul 15, 2019 Record entry Clear entry View general journal 2 General Ret Earn Stmt of Ret Journal Ledger Earn Analyze Record the above transactions in the general Journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) Skloped View transaction list Journal entry worksheet 2 General Journal Ret Eam Ledger Stmt of Ret Eam Analyze Record the above transactions in the general journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) Sipped View transaction list Journal entry worksheet 1 2 3 5 6 7 8 Record the $3.60 dividend per share on common stock, payable Jan. 15. 2020, to holders of record Dec 31, 2019 Note: Enter debits before credits General Journal Debit Credit Date Dec 15, 2019 Record entry Clear entry View general journal 2 General Journal Ret Earn Ledger Strt of Ret Eam Analyze Record the above transactions in the general Journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Skipped View transaction list Journal entry worksheet 2 General Journal Ret Earn Ledger Stmt of Ret Earn Analyze Record the above transactions in the general Journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) Skipped View transaction list Journal entry worksheet 2 3 4 5 6 7 B > Record the entry on the date of record for the dividends declared on Dec. 15. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general Journal 2 General Ret Earn Strnt of Ret Journal Ledger Earn Analyze Record the above transactions in the general Journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) Skipped View transaction list Journal entry worksheet Record the appropriation Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal Ret Earn Ledger 2 General Journal Ret Earn Ledger Strt of Ret Earn Analyze Record the above transactions in the general journal for 2019. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Skipped View transaction list Journal entry worksheet Complete this question by entering your answer in the tabs below. 2 General Journal Ret Earn Ledger Stmt of Ret Earn Analyze Skipped Prepare a statement of retained earnings for the year 2019 JACOB CORPORATION Statement of Retained Earnings December 31, 2019 Unappropriated Retained Earnings Balance, January 1, 2019 Deductions: Total Unappropriated Retained Earnings, Dec 31, 2019 Appropriated Retained Eamings Appropriated for Contingencies: Balance, January 1, 2019 Total Appropriated Retained Earnings December 31, 2019 Total Retained Earings, December 31, 2019 Analyze: if Jacob Corporation had not declared cash or stock dividends for common stockholders, what balance would be found in the unappropriated Retained Earnings account at December 31, 2019? Complete this question by entering your answer in the tabs below. General Journal Ret Earn Ledger Stmt of Ret Earn Analyze Unappropriated retained earnings