was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $15 par value, 13,200 shares authorized. During the year, the following selected transactions were completed: a. Sold 6,000 shares of common stock for cash at $30 per share. b. Sold 2,600 shares of common stock for cash at $35 per share. c. At year-end, the accounts reflected income of $7,000. No dividends were declared. Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required f transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Sold 6,000 shares of common stock for cash at $30 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 2. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet (Partial) At December 31, This year Stockholders' equity Contributed capital: Total contributed capital Total stockholders' equity