Blue Company has the following stockholders' equity accounts at December 31, 2020. Common Stock ($100 par value, authorized 8,300 shares) Retained Earnings $484,900 274,500 Prepare entries in journal form to record the following transactions, which took place during 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 270 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $22 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. (4) The treasury shares purchased in (1) above were resold at $103 per share. (5) 510 shares of outstanding stock were purchased at $105 per share. (6) 340 of the shares purchased in (5) above were resold at $96 per share. No. Account Titles and Explanation Debit Credit si mi o Prepare the stockholders' equity section of Blue Company's balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $88,100. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) BLUE COMPANY Stockholders' Equity