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Common stockS20 par value, 100, 000 shares authori zed, 4 S, 000 shares issued and outstanding s 900, ooo paidin capital in excess of par value, common 70, ooo 460, ooo stock Retained earnings Total stockholders equity $1, 430, ooo In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb . July Aug. Sept . Oct . 1 S 28 6 22 S 28 31 Purchased S, 000 shares of its own stock at $20 cash per share. Directors declared a $4 per share cash dividend payable on February 28 to the February S stockholders of record. paid the dividend declared on January S . Sold 1, 87 S of its treasury shares at $24 cash per share. Sold 3, 12 S of its treasury shares at $17 cash per share. Directors declared a $4 per share cash dividend payable on October 28 to the September 2S stockholders of record. paid the dividend declared on September S . Closed the $408, 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 2017_ 2. Prepare a statement of retained earnings for the year ended December 31, 2017 _ 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017_ Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017.