Then ACTA apted Anne Che Company reported the Phare the c ETS LOW i ty of Bruno's balance sheet December 31, 2017 GROUPWORK Dividends and Stockholders' Equity Section Anne , quity Set 0.00 100.000 A authod 2.000 whesis Commons par 1000 hest 0.00 shares ) n al paid in capital Retained in Total per share dividend on common stock. These During 2017. Cleves took part in the following transactions concerning stockholders' equity Paid the annual 2016 $10 per share dividend on preferred stock and a 52 per share dividend on comme dividends had been declared on December 31, 2016. 2. Purchased 1.700 shares of its own outstanding common stock for $40 per share. Cleves uses the cost method 3. Reissued 700 treasury shares for land valued at $30,000 Issued 500 shares of preferred stock at $105 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. Issued the stock dividend. Declared the annual 2017 $10 per share dividend on preferred stock and the S2 per share dividend on common stoc These dividends are payable in 2018. tions Prepare journal entries to record the transactions described above. repare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $330.000 Then ACTA apted Anne Che Company reported the Phare the c ETS LOW i ty of Bruno's balance sheet December 31, 2017 GROUPWORK Dividends and Stockholders' Equity Section Anne , quity Set 0.00 100.000 A authod 2.000 whesis Commons par 1000 hest 0.00 shares ) n al paid in capital Retained in Total per share dividend on common stock. These During 2017. Cleves took part in the following transactions concerning stockholders' equity Paid the annual 2016 $10 per share dividend on preferred stock and a 52 per share dividend on comme dividends had been declared on December 31, 2016. 2. Purchased 1.700 shares of its own outstanding common stock for $40 per share. Cleves uses the cost method 3. Reissued 700 treasury shares for land valued at $30,000 Issued 500 shares of preferred stock at $105 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. Issued the stock dividend. Declared the annual 2017 $10 per share dividend on preferred stock and the S2 per share dividend on common stoc These dividends are payable in 2018. tions Prepare journal entries to record the transactions described above. repare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $330.000