During the year, the following transactions affected its stockholders equity accounts.

January 2	Purchased 4,000 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 2,000 of its treasury shares at $27 cash per share.
August 22	Sold 2,000 of its treasury shares at $19 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 September 5.
December 31	Closed the $444,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Common stock-\$10 par value, 110,000 shares authorized, 40,000 shares issued and outstanding paid-in capital in excess of par value, common stock Retained earnngs Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share canh dividend payable on February 28 to the February 5 stockholders of record. Pebruary 28 Paid the dividend declared on January 5. July 6 sold 2,000 of 1 ts treasury shares at $27 cash per share. August 22 sold 2,000 of its treasury shares at $19 cash per ahare. September 5 Directors declared a $2 per share cash dividend payable on october 28 to the september 25 stockholders of record. Detober 28 paid the dividend declared on september 5. December 31 closed the 5444,000 eredit balance (from net income) in the Income suamary account to Retained garnings. During the year, the following transactions affected its stockholders' equity accounts, Prepare the necessary journal entries. If no Journal entry is required, select "No journal entry required" in the first input box