Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5, 500 shares of its own stock at $20 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, 063 of its treasury shares at $24 cash per share. Aug. 22 Sold 3.437 of its treasury shares at $17 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