Cullumber Company has the following stockholders equity accounts at December 31, 2020.

Common Stock ($100 par value, authorized 7,400 shares)		$515,700
Retained Earnings		307,900

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 0 for the amounts.)

(1)		290 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.)
(2)		A $19 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)		470 shares of outstanding stock were purchased at $105 per share.
(6)		380 of the shares purchased in (5) above were resold at $96 per share.

No.	Account Titles and Explanation	Debit	Credit
1.	Treasury Stock	28130
	Cash		28130
2.	Retained Earnings	?
	Dividends Payable		?
3.	Dividends Payable	?
	Cash		?
4.	Cash	29870
	Treasury Stock		28130
	Paid-in Capital from Treasury Stock		1740
5.	Treasury Stock	49350
	Cash		49350
6.	Cash	36480
	Retained Earnings	?
	Paid-in capital from treasury stock	?
	Treasury Stock		39900

Prepare the stockholders equity section of Cullumber Companys balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $85,100. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.)

Cullumber company (Stockholder's equity)

Common Stock 515700

Retained Earnings ?

Total Paid-in capital and Retained Earnings ?

Less: Treasury Stock 9450

Total Stockholder's Equity ?