Torino Jewelry Company reported the following summarized balance sheet at December 31, 2018: (Click the icon to view the statement.) During 2019 TorinoJewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Torino Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,500 shares of common stock for $13 per share. Date Feb 13 Journal Entry Accounts Debit Credit Data table Assets Current assets Property and equipment, net Total assets Liabilities and Equity Liabilities Stockholders' equity: $0.15 cumulative preferred stock, $10 par, 700 shares issued Common stock, $12 par, 5,900 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity Amount 34,500 127,000 $ 161,500 39,000 7,000 70,800 17,700 27,000 $ 161,500 More info I Feb 13 Jun 7 24 Aug 9 Oct Issued 5,500 shares of common stock for $13 per share. Declared the regular cash dividend on the preferred stock. Paid the cash dividend. Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $15 per share. 26 Reacquired 800 shares of common stock as treasury stock, paying $18 per share. Sold 700 shares of the treasury stock for $23 per share. Nov 20 Dec 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2020. 1. Journalize Torino Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2019. Net income for 2019 was $26,000. Date Cash Feb 13 Journal Entry Accounts Common Stock Paid-in Capital in Excess of Par-Common Jun 7: Declared the regular cash dividend on the preferred stock. Journal Entry Date Accounts Jun 7 Retained Earnings Dividends Payable Jun 24: Paid the cash dividend. Journal Entry Date Accounts Jun 24 Dividends Payable Cash Date Aug 9 Journal Entry Retained Earnings Common Stock Accounts Paid-in Capital in Excess of Par-Common Oct 26: Reacquired 900 shares of common stock as treasury stock, pay Date Oct 26 Journal Entry Accounts Treasury Stock-Common Cash Nov 20: Sold 600 shares of the treasury stock for $26 per share. Date Nov 20 Cash Journal Entry Accounts Treasury Stock-Common Paid-in Capital from Treasury Stock Transactions