Eco Build Company reports the following components of stockholders' equity on January 1. 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 earnings Total stockholders' equity $ 400,000 60,000 330,000 $ 790,000 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 $391,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement Answer is not complete. General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity 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. No Date Account Title 1 January 02 Treasury stock, Common Cash 2 January 05 Retained earnings Debit Credit 92,000 92,000 72,000 Next 1 No Date Account Title Debit Credit January 02 Treasury stock, Common 92,000 Cash 92,000 2 January 05 Retained earnings Common dividend payable 3 February 28 Common dividend payable Cash 72,000 72,000 72,000 72,000 4 July 06 Cash 40,500 Treasury stock, Common Paid-in capital, Treasury stock 34,500x 6,000 5 August 22 Cash 50,000 Paid-in capital, Treasury stock 6,000 Retained earnings 1,500 Treasury stock, Common 57,500 x 6 September 05 Retained earnings 80,000 Common dividend payable 80,000 7 October 28 Common dividend payable 80,000 80,000 Cash 8 December 31 Income summary Retained earnings 591,500 591,500 Cash No. Date Debit Credit Balance No. Date Accounts receivable Debit Credit Balance January 01 380,000 January 01 174,000 1 January 02 92,000 288,000 3 February 28 72,000 216,000 4 July 06 40,500 256,500 57 August 22 50,000 306,500 October 28 80,000 226,500 Equipment Accumulated depreciation - Equipment No. Date Debit Credit Balance No. Date Debit Credit January 01 690,000 January 01 Balance 63,000 44 44 Common dividend payable Common stock No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 0 January 01 400,000 2 January 05 72,000 72,000 3 February 28. 72,000 0 67 6 September 05 80,000 80,000 October 28 Paid-in capital, Common 80,000 0 Paid-in capital, Treasury stock 4444 No. Date January 01 Debit Credit Balance No. Date Debit Credit Balance 60,000 January 01 0 44 4 July 06 6,000 6,000 5 August 22 6,000 0 7 October 28 No. Date January 01 80,000 Paid-in capital, Common Debit 0 Paid-in capital, Treasury stock Credit Balance No. Date Debit 60,000 January 01 4 July 06 4 5 August 22 Credit Balance 0 6,000 6,000 6,000 0 Retained earnings Treasury stock, Common No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 330,000 January 01 0 2 January 05 72,000 258,000 1 January 02 92,000 92,000 5 August 22 6 September 05 1,500 80,000 256,500 4 July 06 34,500 57,500 176,500 5 August 22 57,500 0 8 December 31 591,500 768,000 Income summary No. Date January 01 Debit Credit Balance 8 December 31 591,500 (391,000) 200,500 Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity Dates: January 01 to: January 01 Cash Accounts receivable Equipment Accumulated depreciation - Equipment Common stock Paid-in capital, Common Retained earnings Income summary Total ECO BUILD CORPORATION Trial Balance January 01, 2021 Account Title Debit Credit $ 226,500 174,000 690,000 63,000 400,000 60,000 768,000 200,500 S 1,291,000 $ 1,291,000 2.5 points October 28 Paid the dividend declared on September 5. December 31 Closed the $391,000 credit balance (fron net income) in the Income Summary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance RE Statement of Stockholders Equity Impact on Equity Prepare the Statement of Retained Earnings for Eco Build Corporation for the year ended December 31. ECO BUILD CORPORATION Statement of Retained Earnings For Year Ended December 31 0 0 $391,000 credit balance (from net incone) in the Income Sunnary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity Prepare the stockholders' equity section of Eco Build Corporation's balance sheet as of December 31. ECO BUILD CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders' equity < Statement of RE Dates: January 01 to: January 01 0 Impact on Equity > General Requirement Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity 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. Total Stockholders' Equity - January 1 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 Feb. 28 to the Feb. 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 $391,000 credit balance (from net income) in the Income Summary account to Retained Earings. Dates: January 01 to: January 01 Impact on equity $