1. 26A Journalizing dividend and treasury stock transactions, preparing a statement of retained earnings, and preparing stockholders' equity [30-45 min] The balance sheet of Goldstein Management Consulting, Inc., at December 31, 2011, reported the following stockholders' equity: Dec 31 Paid-in capital: Common stock, $10 par, 200,000 shares authorized, 15,000 shares issued uirements ******* Paid-in capital in excess of par-common Total paid-in capital Retained earnings... Total stockholders' equity ********** ******* During 2012, Goldstein completed the following selected transactions: Feb 6 Distributed a 5% stock dividend on the common stock. The market value of Goldstein's stock was $21 per share. Jul 29 Nov 27 $ 150,000 310,000 460,000 162,000 $622,000 Purchased 2,300 shares of treasury stock at $21 per share. Declared a $0.10 per share cash dividend on the 13,450 shares of common stock outstanding. The date of record is December 17, 2012, and the payment date is January 7, 2013. Closed the $81,000 net income to Retained earnings. 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2012. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2012