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The balance sheet of Millan Management Consulting, Inc. at December 31, 2023, reported the following...

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The balance sheet of Millan Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Millan completed the following selected transactions: (i) (Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31 , 2024. Assume Millan's net income for the year was $83,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31,2024 Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 15% stock dividend on the common stock. The market value of Millan's stock was $23 per share

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