Walker Jewelry Company reported the following summarized balance sheet at December 31, 2021: (Click the icon to view the statement.) During 2022, Walker Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Walker Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 13: Issued 5,000 shares of common stock for $12 per share. Journal Entry Date Accounts Debit Credit Feb 13 Cash 60,000 Common Stock 20,000 Paid-in Capital in Excess of ParCommon 40,000 Jun 7: Declared the regular cash dividend on the preferred stock. Date Debit Credit Journal Entry Accounts Retained Eamings Dividends Payable Jun 7 250 250 Jun 24: Paid the cash dividend. Journal Entry Accounts Date Debit Credit Jun 24 Dividends Payable 250 Cash 250 Aug 9: Declared and distributed a 20% stock dividend on the common stock. Market price of the common stock was $17 per share. Journal Entry Accounts Date Debit Credit Aug 9 Retained Earnings 38,760 Common Stock 9,120 Paid-in Capital in Excess of ParCommon 29,640 Oct 26: Reacquired 700 shares of common stock as treasury stock, paying $20 per share. Date Journal Entry Accounts Treasury Stock-Common Debit Credit Oct 26 14,000 Cash 14,000 Nov 20: Sold 300 shares of the treasury stock for $24 per share. Journal Entry Accounts Date Debit Credit Nov 20 Cash 7,200 Treasury StockCommon 6,000 Paid-in Capital from Treasury Stock Transactions 1,200 Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023. (Round your answer to the nearest whole dollar.) Journal Entry Accounts Date Debit Credit Dec 31 3,984 Retained Earnings Dividends Payable 3,984 Requirement 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $33,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Walker Jewelry Company Balance Sheet (partial) December 31, 2022 5 par 1000 shares issued and outstanding 5000 Stockholders' Equity: $ 0.25 cumulative preferred stock, Common stock, shares outstanding $ $ par shares issued Paid-in capital in excess of parcommon 87640 Paid-in capital from treasury stock transactions 5000 92640 Total paid-in capital Retained earnings Less: Treasury stock, common, shares Total stockholders' equity Data table Assets Current assets $ 35,000 76,100 Property and equipment, net $ 111,100 Total assets Liabilities and Equity Liabilities $ 37,500 5,000 Stockholders' equity: $0.25 cumulative preferred stock, $5 par, 1,000 shares issued Common stock, $4 par, 6,400 shares issued Paid-in capital in excess of parcommon Retained earnings 25,600 18,000 25,000 $ 111,100 Total liabilities and equity Print Done More info Feb Jun Jun Aug 13 Issued 5,000 shares of common stock for $12 per share. 7 Declared the regular cash dividend on the preferred stock. 24 Paid the cash dividend. 9 Declared and distributed a 20% stock dividend on the common stock. Market price of the common stock was $17 per share. 26 Reacquired 700 shares of mmon stock as treasury stock, paying $20 per share. 20 Sold 300 shares of the treasury stock for $24 per share. 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023. Oct Nov Dec Print Done Requirements 1. Journalize Walker Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $33,000. Print Done