In year 2016. the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 6.000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2.250 of its treasury shares at $29 cash per share. Aug. 22 Sold 3.750 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. $ 1.670.000 Date General Journal Debit Credit Feb 28 Common dividend payable