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During 2020 , the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at 523 cash per share.

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During 2020 , the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at 523 cash per share. January 5 Directors declared a 52 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 1,900 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 $2 per share cash dividend payable on october 28 to the september 25 stockholders of record. October 28 Paid the dividend declared on septenber 5. Decesber 31 Closed the $206,500 credit balance (from net income) in the Income summary account to Retained farnings. During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary fournal entries. If no journal entry is required, select "No journal entry required" in the first input box. December 31 Closed the $206,500 credit balance (from net income) in the Income Summary account to Retained Prepare the Statement of Retained Earnings for Streamline Corporation for the year ended December 31 , 2020. Prepare the stockholders' equity section of Streamline Corporation's balance sheet as of December 31,2020 . For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31 , as calculated, agrees with the amount reported on the balance sheet

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