19A-3. At the beginning of January 2018, the stockholders' equity of Country View Corporation consisted of the following: Paid-In Capital: Common Stock, $18 par value, authorized 55,000 shares, 13.000 shares issued and outstanding $250,200 Paid-In Capital in Excess of Par Value-Common 71,000 Total Paid-In Capital by Common Stockholders $321,200 Retained Earnings 157,000 Total Stockholders' Equity $478,200 1. Record the transactions in general journal form. 2. Prepare the stockholders' equity section at year-end using the Blueprint in this chapter as a guide. 3. Prepare a statement of retained earnings at December 31, 201X. Accounts are provided in the working papers that accompany this text. Be sure to put in the beginning balances. 2017 June 4 Country View Corporation purchased 980 shares of treasury stock at $22. 21 The board of directors voted a $0.50 per share cash dividend payable on July 13 to stock- holders of record on July 3. July 13 Cash dividend dedared on June 21 is paid. Sept. 9 Sold 280 shares of the treasury stock at $30 per share. 29 Sold 700 shares of the treasury stock at $21 per share, Oct. 12 The board of directors declared a 10% stock dividend distributable on January 2 to stock- holders of record on November 2. The market value of the stock is currently $30 per share. Dec. 31 Closed the net income of $62,000 in the Income Summary account to Retained Eamings