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The balance sheet of Colin Managernent Consulting. Ine at December 31, 2023, repotted the following...

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The balance sheet of Colin Managernent Consulting. Ine at December 31, 2023, repotted the following stockholders' equity During 2024 Collin completed the following selected transactions (1) (Click the ican to view the transactionn) Read the cenulrements. Requirement 1. Record the transactions in the general joumat (Record debits first, then credits. Select the explanation on then faut line of the journal entry tabih) Feb 6. Declared a 10\%s stock dividend on the common stock. The market value of Collinis stock was $20 per share Stockholders' Equity Paid-In Capital: Common Stock-\$15 Par Value; 300,000 shares authorized, 24,000 shares issued and outstanding $360,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31 , 2024. Assume Collin's net income for the year was $82,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024

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