Balthus Corp. reports the following com ports the following components of stockholders' equity at December 31, 2018. Common stock-$1 par value, 320,000 sh ock-$1 par value, 320,000 shares authorized, 200,000 shares issued and outstanding............ $ 200,000 Paid in capital in excess of par value, common stock .. Retained earnings. 1.400,000 2,160,000 Total stockholders' equity ... $3.760.000 Problem 13-2B Cash dividends. treasury stock, and statement of retained earnings C3 P2 P3 It completed the following transactions related to stockholders' equity during 2019. Jan. 10 Purchased 40,000 shares of its own stock at $12 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 $13 cash per share. Nov. 25 Sold 16,000 of its treasury shares at $9.50 cash per share. Directors declared a $2,50 per share cash dividend payable on January 2 to the December 10 stockholders of record. 31 Closed the $1,072,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required 1. Prepare journa 2. Prepare a statem Check (2) Ending retained earnings. $2,476,000 3. Prepare the stockholders pare journal entries to record each of these transactions. " a statement of retained earnings for the year ended December 31, 2019. stockholders' equity section of the company's balance sheet as of December 31, 2019