Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 450,000 70,000 430,000 $ 950,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. Feb. 4 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. Jan. 2 Purchased 6,000 shares of its own stock at $25 cash per share. July Aug- 6 Sold 2,250 of its treasury shares at $29 cash per share. 22 Sold 3,750 of its treasury shares at $22 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 Paid the dividend declared on September 5. Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.