The stockholders' equity action of the at the beginning of the current year ears below. Common to $10 per value wuthored 1,000,000 whare, 2.000 shared outstanding 536.000 SI5.000 During the current year, the following actions corred 1. The company led to the holders 102,000 rights. Ten rended to share of who 333. The rights were words. There he was where 2. The company to the 192,000, 10% bond issue at 104. The come with each 100 bonne detachable to purchase provided for the purchase of command har sayesinde wants were and the warrants 1. Abu 5.100 of the rights and in (1) were verdedin days. 4. At the end of the year, son of the win (2) had been exercise, and the remaining were outstanding and in good wading 5. During the current the company rated to options for 10.200 shares of commodo convence. The coming a tirar mot determines that each otions were the topic. The store were to expert year and were considered compensation for the current year 6. 1.020 shares related to the stochotion plan were rued by year-end. The expected became one of the waves fated to an und to the plant contract Prepare general journal entries for the current year to record the transactions listed above. (Cre and enter 0 for the amounts. Round intermediate calculations to 5 decimal places, e.g. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 4. 5. 6. For options exercised: For options lapsed: The stockholders' equity section of Sheffield Inc, at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,037,000 shares, 289,000 shares issued and outstanding Pald-in capital in excess of par-common stock Retained earnings $2,890,000 636,000 515,000 During the current year, the following transactions occurred 1. The company issued to the stockholders 102,000 rights. Ten rights are needed to buy one share of stock at $33. The rights were vold after 30 days. The market price of the stock at this time was $35 per share. 2. The company sold to the public a $192.000, 10% bond issue at 104. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $31 per share. Shortly after Issuance, similar bonds without warrants were selling at 96 and the warrants at 58. 3. All but 5.100 of the rights issued in (1) were exercised in 30 days, 4. At the end of the year, 80% of the warrants in (2) had been exercised, and the remaining were outstanding and in good standing 5. During the current year, the company granted stock options for 10,200 shares of common stock to company executives. The company, using a fair value option pricing model determines that each option is worth $10. The option price is $31. The options were to expire at vear-end and were considered compensation for the current year. 6. All but 1,020 shares related to the stock option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract