Common stock$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	675,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		370,000
Total stockholders equity	$	1,115,000

In year 2014, the following transactions affected its stockholders equity accounts.
Jan.	1		Purchased 4,500 shares of its own stock at $25 cash per share.
Jan.	5		Directors declared a $6 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb.	28		Paid the dividend declared on January 5.
July	6		Sold 1,688 of its treasury shares at $29 cash per share.
Aug.	22		Sold 2,812 of its treasury shares at $22 cash per share.
Sept.	5		Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct.	28		Paid the dividend declared on September 5.
Dec.	31		Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings "PREPARE JOURNAL ENTRIES, STATEMENT OF RETAINED EARNINGS, STOCKHOLDERS EQUITY SECTION OF THE COMPANIES BALANCE SHEET"