Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Dates: Jan 01 Impact on equity Total Stockholders' Equity - December 31, 2016 Jan 1) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share Aug. 22) Sold 3,100 of its treasury shares at $20 cash per share Sep. 5) Directors declared a $2 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 $214,000 credit balance (from net income) in the Income Summary account to Retained Earnings 1 of 1 Dates: Jan 01 Impact on equity Total Stockholders' Equity-December 31, 2016 Jan 1) Purchased 5,000 shares of its own stock at $23 cash per share Jan 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Feb. 28) Paid the dividend declared on January 5 Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share Aug. 22) Sold 3,100 of its treasury shares at $20 cash per share Sep. 5) Directors declared a $2 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 $214,000 credit balance (from net income) in the Income Summary account to Retained Earnings