Balthus Corp reports the following components of stockholders equity on December 31 2013;

Common Stock -$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. ...$1,400,000 retained earnings. .. $2,160,000 total stockholders equity. .... $3,760,000

it completed the following transactions related to stockholders equity in year 2014; Jan 10 purchased 40,000 shares of its own common stock at $12 cash per share. mar 2 directors declared a $ 1.50 per share cash dividend payable on Mar 31 to the mar 15 stockholders of record. Mar 31 paid the dividend declared on Mar 2. Nov 11 sold 24,000 of its treasury shares at $ 9.50 cash per share. Dec 1 directors declared a $ 2.50 per share cash dividend payable on Jan 2 to the Dec 10 stockholders equity 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 for 2014.

2. ) prepare statement of retained earnings for the year ended Dec 31, 2014.

3.)prepare the stockholders equity section of the company's balance sheet as of Dec 31, 2014.

Purcbased 40,000 sarcs of is holders of noard 1 Pid the divixand declaed on Mach 2 Sold 24000 of as treasury hures 513 c per ure eqsted Prepare a statement of retained eamings for the year ended Decenber 31. 3014 Retaired Eamings joumal enerios to recond eoch of fhese murniations for 2014 the stockloklers' equity section of the ouupazy's balbnce sheei as of December 31,2014 2 d. Phrepure ihe stockbokders' equity se