hp 11 Saved Hel Common stock-$15 par value, 100,000 shares authorized, 45,8e0 shares issued and outstanding Retained earnings Total stockholders equity s 675,000 60,000 409,089 $1,135,0e Paid-in capital in excess of par value, common stock In year 2017, the following transactions affected its stocktlolders equity accounts an. 1 Purchased 5,580 shares of its own stock at $28 cash per share, 3an. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of recond. Feb. 28 Paid the dividend declared on January 5 July 6Sold 2,063 of its treasury shares at $24 cash per share. Aug. 22 Sold 3,437 of its treasury shares at $37 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Pald the dividend declared on September 5. Dec. 1 Closed the $428,eee credit balance (from net income) in the Income Sumary sccount to Retained Earnings Required: 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prex 7 of 7 Score.answer > 6 7 9