During 2020 , the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 paid the dividend declared on January 5. July 6 sold 1,90e of its treasury shares at $27 cash per share. August 22 sold 3,100 of its treasury shares at $20 cash per share. September 5 Directors declared a 52 per share cash dividend payable on october 28 to the september 25 stockholders of record October 28 Paid the dividend declared on September 5. December 31 Closed the $266,500 credit balance (fron net income) in the Income Sumary account to Retained Earnings. During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal entries. If no joumal entry is required, select "No journal entry required" in the first input box. Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits before credits. Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Note: Enter debits before credits. Paid the dividend declared on September 5. Note: Enter debits before credits. Sold 1,900 of its treasury shares at $27 cash per share. Note: Enter debits before credits. Sold 3,100 of its treasury shares at $20 cash per share. Note: Enter debits before credits. Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Note: Enter debits before credits. Paid the dividend declared on September 5. Note: Enter debits before credits. Closed the $206,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Note: Enter debits before credits