The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred Stock, 6%, $15 stated value, 50,000 shares authorized; 10,000 issued and outstanding Paid-in capital in excess of stated value-preferred stock Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding 150,000 30.000 2,500,000 Paid-in capital in excess of par value-common stock Retained earnings 1,200,000 600,000 During 2019, the following stock transactions occurred: Jan. 18 Issued 5,000 shares of common stock at $30 per share. Apr. 20 Purchased 20,000 shares of Thomas Corporation's common stock at $24 per share. June 15 Issued 1,000 shares of preferred stock at $20 per share. Oct. 1 Declared the preferred stock cash dividend. Oct. 1 Declared a $0.41 per share cash dividend to common stockholders of record on October 15. Dec. 1 Paid both dividends declared on October 1. Net Income for the year was $100,000. Requirements: (a) Enter beginning balances in ledger accounts. (b) Prepare the journal entries to record the above transactions. (c) Post the entries to the ledger T-accounts. Add accounts as needed. (d) Calculate the updated Retained Earnings balance. e) Prepare the 2019 stockholders' equity section of the Balance Sheet for Thomas Corporation