Coronado Company has the following stockholders equity accounts at December 31, 2017.

Common Stock ($100 par value, authorized 7,900 shares) $483,500

Retained Earnings 307,400

a. Prepare entries in journal form to record the following transactions, which took place during 2018. (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 0 for the amounts.)

(1)		300 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.)
(2)		A $20 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)		450 shares of outstanding stock were purchased at $105 per share.
(6)		320 of the shares purchased in (5) above were resold at $96 per share.

b. Prepare the stockholders equity section of Coronado Companys balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $85,900. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.)