The stockholders' equity section of Cullumber Corporation's balance sheet at December 31, 2024, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 365,000 shares authorized; 273,750 issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity $2,737,500 1,095,000 3,832,500 821,250 $4,653,750 During 2025, the following stock transactions occurred: Jan. 18 Issued 73,000 shares of common stock at $23 per share. Aug. 20 Purchased 18,250 shares of Cullumber Corporation's common stock at $25 per share to be held in the treasury. (a) Your answer has been saved. See score details after the due date. Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (b) Jan. 18 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Aug. 20 Treasury Stock Cash 1,679,000 456,250 730, 949. 456, Attempts: 1 of 1 used Prepare the stockholders' equity section of the balance sheet for Cullumber Corporation at December 31, 2025. Assume that net income for the year was $136,875 and that no dividends were declared. CULLUMBER CORPORATION Balance Sheet (Partial) $ $