a year end? Balthus Corp. reports the following components of stockholders' equity at December 31 of the prior year. Problem 13-28 Cash dividends, treasury stock, and statement of retained earnings C3 P2 P3 Common stod-S1w value, 320,000 shares authorized 200.000 shares issued and outstanding... Paid-in capital in excess of par value.common stock Retained earnings Total stockholders' equity $ 200,000 1.400.000 2.160 000 52.750.000 It completed the following transactions related to stockholders' equity during the current year. Jan. 10 Purchased 40,000 shares of its own stock at S12 cash per share. Mar. 2 Directors declared a $1.50 per share cash dividend payable on March 31 to the March 15 stock holders of record Mar. 31 Paid the dividend declared on March 2 Nov. 11 Sold 24,000 of its treasury shares at S13 cash per share. Nov. 25 Sold 16,000 of its treasury shares at $10.50 cash per share. Dec. 1 Directors declared a $2.50 per share cash dividend payable on January 2 to the December 10 stockholders of record. Dec. 31 Closed the $1.072,000 credit balance (from net income) in the Income Summary account to Retained Earnings Required 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current your