Exercise 15-18 Larkspur Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. ASSIGNMENT RESOURCES Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (107,000 shares authorized, 21,400 shares issued) 107,000 Additional paid-in capital 127,000 Retained earnings 491,000 Total $925,000 During 2020, Larkspur took part in the following transactions concerning stockholders' equity. Review Score Review Results by Study Obiective 1. Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,800 shares of its own outstanding common stock for $41 per share. Larkspur uses the cost method. 3. Reissued 800 treasury shares for land valued at $33,700. 4. Issued 520 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $44 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1. ASSIGNMENT RESOURCES Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Review Score Review Results by Study Obiective 5. Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $354,000. (Enter account name only.Do not provide any descriptive information.) ASSIGNMENT RESOURCES Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis case LARKSPUR COMPANY Stockholders' Equity Review Score Review Results by Study Obiective Click if you would like to Show Work for this question: Qren Show Work