Exercise 13-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 34,000 S 850000 68,000 354,000 $1,272,000 In year 2014, the following transactions affected its stockholders Jan. 2 Jan. 7 Directors declared a $1.50 per share cash dividend payable on Feb. 28 to the Feb. 9 3,400 shares of its own stock at $25 cash per share rs of record Feb. 28 Paid the July 9 Sold 1,360 of its treasury shares at $30 cash per share. Aup. 27 Sold 1,700 of its treasury shares at $20 cash per share. Sept.9 a $2 per share cash dividend payable on October 22 to the September 23 of record Oct. 22 Paid the d Dec. 31 Closed the $56,000 credit balance (from net income) in the Income Summary account to e journal entries to record each of these transactions for 2014 No 85,000 Jan 07 5,100 divi