Barcelona Company reports the following components of stockholders' equity on January 1. During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockhotders of record. February 28 Paid the dividend declared on January 5. July 6 sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. Septenber 5 Directors declared a $2 per 5 hare cash dividend payable on october 28 to the September 25 stockholders of record. october 28 Paid the dividend declared on September 5. Decenber 31 Closed the $228,000 credit balance (fron net income) in the Incone Sunnary account to Retained Earnings. During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. Journal entry worksheet Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Note: Enter debits before credits. During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockhol record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on 0ctober 28 to the September 25 stockh record. October 28 Paid the dividend declared on September 5. December 31 Closed the $228,000 credit balance (from net income) in the Income Summary account to Retained E Prepare the Statement of Retained Earnings for Barcelona Corporation for the year ended December 31 . Barcelona Company reports the following components of stockholders' equity on January 1. Common stock-\$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on october 28 to the September 2 record. October 28 Paid the dividend declared on September 5. December 31 Closed the $228,000 credit balance (from net income) in the Income Summary account to Prepare the stockholders' equity section of Barcelona Corporation's balance sheet as of December 31. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a \$2 per share cash dividend payable on 0ctober 28 to the September 25 stockhold record. October 28 Paid the dividend declared on September 5. December 31 Closed the $228,000 credit balance (from net income) in the Income Summary account to Retained Earn For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31 , as calculated, agrees with the amount reported on the balance sheet