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 Sald 2,000 of its treasury shares at $27 cash per share. August 22 Sold 2, eo of its treasury shares at 519 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 $549,500 credit balance (fron net income) in the Income Summary account to Retained Earnings General Journal General Ledger Trial Balance Requirement Impact on Equity Statement of Stockholders RE Equity Prepare the Statement of Retained Earnings for Marcellus Corporation for the year ended December 31. MARCELLUS CORPORATION Statement of Retained Earnings For Year Ended December 31 O Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity Prepare the stockholders' equity section of Marcellus Corporation's balance sheet as of December 31. Dates: January 01 tot Janus MARCELLUS CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity 5 Impact on equity 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 5549.500 credit balance (from net income) in the Income Summary account to Retained Earnings 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 Sald 2,000 of its treasury shares at $27 cash per share. August 22 Sold 2, eo of its treasury shares at 519 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 $549,500 credit balance (fron net income) in the Income Summary account to Retained Earnings General Journal General Ledger Trial Balance Requirement Impact on Equity Statement of Stockholders RE Equity Prepare the Statement of Retained Earnings for Marcellus Corporation for the year ended December 31. MARCELLUS CORPORATION Statement of Retained Earnings For Year Ended December 31 O Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity Prepare the stockholders' equity section of Marcellus Corporation's balance sheet as of December 31. Dates: January 01 tot Janus MARCELLUS CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders equity 5 Impact on equity 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 5549.500 credit balance (from net income) in the Income Summary account to Retained Earnings