The stockholders' equity section of Makoto Corporation's balance sheet at December 31, 2016, appears below Stockholders' equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized 250,000 issued and outstanding $2,500,000 Paid-in capital in excess of par 1,200,000 Total paid-in capital 3,700,000 Retained earnings 600,000 $4,300,000 Total stockholders' equity During 2021, the following stock transactions occurred: Issued 50,000 shares of common stock at $32 per share Jan. 18 Purchased 25,000 shares of Makoto Corporation's common stock at $26 per share to be held in the treasury. Aug. 20 Reissued 9,000 shares of treasury stock for $28 per share. Nov. 5 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. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date Jan. 18 (To record issuance of 50,000 shares of com mon stock) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the stockholders' equity section of the balance sheet for Makoto Corporation at December 31, 2021. Assume that net income for the year was $100,000 and that no dividends were declared. (Enter the account name only and do not provide the descriptive information provided in the question.) MAKOTO CORPORATION Balance Sheet (Partial) $ pen Show Work Click if you would like to Show Work for this