13 . In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb.28 Paid the dividend declared on January 5. July 6 Sold 2,250 of its treasury shares at $24 cash per share. Aug.22 Sold 3,750 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct.28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Book Print Ferences 2. Prepare a statement of retained earnings for the year ended December 31, 2012. (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) CONTEXT CORPORATION Statement of Retained Earnings For Year Ended December 31, 2012 Retained earnings, Dec 31, 2011 $ 460000 Add: Net Income 408000 868000 376000 75000 Less: Cash dividends declared Less: Treasury stock reissuances v Retained earnings, Dec. 31, 2012 work $1,280,000 Total stockholders' equity In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb.28 Paid the dividend declared on January 5. July 6 Sold 2,250 of its treasury shares at $24 cash per share. Aug.22 Sold 3,750 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct.28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2012. (Omit the "$" sign in your response.) CONTEXT CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2012 (Click to select) (Click to select) $ Total contributed capital (Click to select) Total stockholders' equity Prey 13 of 13 Next Context Corporation reports the following components of stockholders' equity on December 31, 2011, Common stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings $ 750,000 70,000 460,000 Total stockholders' equity $1,280,000 ht In year 2012, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record, Feb.28 Paid the dividend declared on January 5. July 6 Sold 2,250 of its treasury shares ot $24 cash per share. Aug 22 Sold 3.750 of its treasury shares at $17 cash per share, Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct 28 Pald the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. onces 2. Prepare a statement of retained earnings for the year ended December 31, 2012 (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign In your response.)