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At the beginning of 2021, Thompson Service, Inc., showed the following amounts in the stockholders' equity section of its balance sheet. The transactions relating to stockholders' equity during the year are as follows. Jan. 3 Declared a dividend of $1 per share to stockholders of record os January 31 , payable on february 15. Feb. 15 Paid the cash dividend declared on lanuary 3 . Apr. 12 The corporation purchased 6,000 ahares of 1t s oun capital stock at a price of s4o per share. May 9 Re1ssued 4,000 shores of the treasury stoek at. o price of $44 per shore. June 1 Declared a 5 percent stock dividend to stockholders of recard at June 15, to be distributed on June 3e. The market pelice of the stock ot June 1 was $42 per shore. (The 2jeee shares resaining in the tressury do not porticipate. in the stock dividend.) June 30 Oistrftuted the stock dividend declared on June 1. Aug. 4 relssued 600 of the 2,000 cenaining shares of treasury stock at a pefce of. 537 per share. Dec. 31 The Income Sumary account, shoilng not income for the yeor of $1,926,000, wos closed Into the Retoined Eacnings account. Dec. 31 the 5302,900 bolance In the Dividends account was closed Into the Retained tarnings account. Required: a. Prepare in general journai form the entries to record the above transactions. b. Prepare the stockholders' equity section of the balance sheet at December 31,2021 . Include a supporting schedule showing your computation of retained earnings at that date. c. Compute the maximum cash dividend per share that legally could be cectared at December 31,2021 without imparing the paid in