During the year, the company completed these transactions: June 6 Purchased 1,000 shares of treasury stock at $40 per share. 23 The directors voted a $0.50 per share cash dividend payable on July 25 to the July 20 stockholders of record. July 25 Paid the dividend declared on June 23 . Aug. 10 Sold 500 of the treasury shares at $45 per share. Oct. 20 Sold 500 of the treasury shares at $38 per share. Dec. 15 The directors voted a $0.50 per share cash dividend payable on January 20 to the January 15 stockholders of record, and they voted a 2% stock dividend distributable on January 30 to the January 20 stockholders of record. The market value of the stock was $40 per share. 31 Closed the Income Summary account and carried the company's $60,000 net income to Retained Earnings. Required: 1. Complete the general journal entries to record the transactions. (2 marks 7 transactions 14 marks) 2. Complete the retained earnings statement for the year (5 marks) 3. Complete the stockholders' equity section of the company's year-end balance sheet. ( 8 marks) Stockholders' Equity 4. Assuming that the weighted average common shares of 23,500 . What will be the: (Should be rounded of to 2 decimal points) (a) dividend per share (1.5 mark) (b) earnings per share (1.5 mark)