CALCULATOR PRI Problem 15-06 Grouper Company has the following stockholders' equity accounts at December 31, 2020. Common Stock (5100 par value, authorized 7,600 shares) $505,600 Retained Earnings 291,700 n in journal form to record the following transactions, which took place during 2021. (Cred romatica indented when amount is entered. Do not indent manually. If no entry is require the account titles and enter for the amounts.) (1) 290 shares of outstanding stock were purchased at $98 per share. (These are to be accounted for us (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 $102 per share. (5) 550 shares of outstanding stock were purchased at $105 per share. (6) 340 of the shares purchased in (5) above were resold at $97 per share. No. Account Titles and Explanation Debit Credit 1. Treasury Stock 28420 cash 28420 Retained Earnings Dividends Payable 167200 Dividends Payable 1672001 cash 167200 Cash 29580 Treasury Stock 28420 Paid-in Capital from The 1160 5. Treasury Stock 57750 Cash cash 32980 L Paid in Capital from Treasi 1900 Retained Earnings 1020 Treasury Stock SHOW LINT OP ACCOUNTS LINK TO TEXT IN TE 10201 Treasury Stock 35700 SHOW LIST OF ACCOUNTS LINK TO TEXT UNK TO TEXT Prepare the stockholders' equity section of Grouper Company's balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $96,700. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) GROUPER COMPANY Stockholders' Equity December 31, 2021 Click if you would like to show Work for this questions Open Show Work SHOW LIST OF ACCOUNTS Question Attempts of 2 used VE POLAR SUBMIT ANSWER 2/20/2020 BANG & OLUFSE