The Stockholders' Equity section of the balance sheet of Willy Corporation on January 1, 2019. is shown below, selected transactions for the year follow $ 80,300 Stockholders' Equity Preferred Stock (10% cumulative, $10 par value, 280,000 shares authorized) Issued and Outstanding, 7,300 Shares $73,000 Paid-in Capital in Excess of Par Value 7,300 Common Stock (no-par value, $50 stated value, 130,000 shares authorized) Issued and Outstanding, 1,300 Shares 65,000 Paid-in Capital in Excess of Stated 2.680 Value Total Paid-in Capital Retained Earnings Total Stockholders' Equity 67,600 $147,900 123,000 $270,900 DATE TRANSACTIONS Feb. 15 Repurchased 4,200 shares of the outstanding preferred stock for $46,280 in cash. The stock is to be held as treasury stock. State law requires that an amount of retained earnings equal to the cost of treasury stock held must be appropriated. Record the purchase and the appropriation of retained earnings. Mar. 4 Declared a 2-for-1 stock split of common stock. Each Shareholder will own twice as many shares as originally owned. Stated value is reduced to $25 per share. Date of record is March 15. Date of issue of new shares is April 1. April 1 Issued new shares called for by split. June 17 Declared semiannual dividend of 5 percent on preferred stock, to be paid on July 12 to holders of record on June 30. July 12 Paid cash dividend on preferred stock. Sept. 25 Purchased 400 shares of outstanding preferred stock at $10 per share to be held as treasury stock. Record appropriated retained earnings equal to cost of the treasury stock. Dec. 15 Declared semiannual cash dividend of 5 percent on preferred stock to be paid on January 12 to holders of record on December 30. 15 Declared cash dividend of $1.10 per share on common stock to be paid on January 12 to holders of record on December 30. 15 Accepted title to a tract of land with an appraised value of $143,000 from the city of Greenville. The tract is to be used as a building site for the corporation's new factory. 31 Had net income after taxes for the year of $63,000. Give the entry to close the Income Summary account. Required: 1. Open the stockholders' equity accounts in the general ledger and enter the beginning balances. In addition to the accounts listed, open the following accounts Donated Capital, Treesury Stock-Preferred, Retained Earnings-Appropriated for Treasury Stock 2. Record the transactions in general journal form. 3. Post the transactions to the stockholders' equity accounts 4. Prepare the Stockholders' Equity section of the balance sheet Balye: way Corporation had not repurchased preferred stock to place in treasury, what total stockholders' equity would be reported on December 31, 2019 Complete this question by entering your answer in the tabs below. General Journal Ledger Accounts Balance Sheet Analyse Record the transactions in general journal form. (If no entry is required for a particular transaction select "No jouma the first account field.) View transaction list View journal entry worksheet Credit Date Feb 15, 2010 General Journal Treasury stook-Preferred Cash 2 Feb 15, 2010 40.200 Retained earnings Retained eamings-Appropriated 3 Mar 04, 2010 No journal entry required Apr 01, 2019 No journal entry required Jun 17, 2010 Retained earnings Dividends payable Preferred NNNNNNNNNN Jun 30, 2010 No journal entry required 7 7 J 12.2010 Dividends payable-Preferred Cash Sep 25, 2010 Treasury stock - Preferred Sep 25, 2010 SEE Retained earnings Retained earning Appropriate 10 Dec 16, 2010 Retained earnings Relined Appropriated 11Dec 16, 2010 Radenings Dividends payabio Com 12 D 15. 2019 Land 13 Dec 31, 2019 Nom Ledger Accounts > Complete this question by entering your answer in the tabs below. General Journal Ledger Accounts Balance Sheet Analyze Post the beginning balances & the above transactions to the stockholders' equity accounts. 10% Preferred Stock, $10 Par Account No. 301 Credit Balance Account No. 305 Credit Balance Debit Paid-in Capital in Excess of Par Value Preferred Date Debit Jan 01, 2019 Date Jan 01.2019 Account No. 315 Common Stock, No-Par, Stated Value, $25 Date Debit Jan 01, 2010 Account No. 311 Credit Balance Paid-in Capital in Excess of Stated Value Common Date Debit Jan 01, 2019 Credit Balance Donated Capital Date Debit Dec 15, 2010 Account No. 371 Credit Balance Account No. 372 Credit Balance Treasury Stock - Preferred Date Debit Feb 15, 2010 Sep 25, 2010 Retained Earnings Account No. 301 Account No. 32 Debit Credit Balance Retained Earnings Appropriated for Treasury Stock Date Debit Feb 15, 2010 Sep 25, 2010 Credit Date Jan 01.2019 Feb 15, 2010 Sun 17.2019 Sep 25, 2010 Balance 15 2019 Dec 15, 2019 31.2010 General Journal Ledger Accounts Balance Sheet Analyze Prepare the Stockholders' Equity section of the balance sheet. WILLY CORPORATION Balance Sheet (Partial) December 31, 2019 Stockholders' equity Paid-in capital Preferred stock Paid-in capital in excess of par - preferred Common stock Paid-in capital in excess of stated value Donated capital Total paid in capital Retained earnings Retained earnings appropriated Retained earnings Total retained earings Less: Treasury stock. Preferred Total stockholders equity Ledger Accounts Analyze > Complete this question by entering your answer in the tabs below. General Journal Ledger Accounts Balance Sheet Analyze If Willy Corporation had not repurchased preferred stock to place in treasury, what total stockholders' equity wo reported on December 31, 20197