Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$10 par value, 100,000 shares authorized, 40,000 shares $ 400,000 60,000 270,000 S730,000 ssued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share Jan. 5 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5 Jul. Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,500 of its treasury shares at S17 cash per share Sep. 5 Directors declared a $2 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 S388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is complete but not entirely correct. Statement of Stockholders Impact on Equity Requirement General General Trial Balance Journal RE Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders equity as of December 31, 2016, as calculated, agrees with the amount reported on the balance sheet. on Total s' Equity December 31 s 730,000 Jan. 1) d 4,000 shares of its own Stockholders' equity 80 stock at $20 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. No change in total equity 5 stockholders of record Feb. 28) Paid the dividend declared on Stockholders' equity Stockholders' equity Stockholders' equity 5 Jul. 6) Sold 1,500 of its treasury shares at S24 cash per share Aug. 22) Sold 2,500 of its treasury shares S17 cash per share Sep. 5) Directors declared a S$2 per share cash dividend payable on October 28 to the No change in total equity September 25 stockholders of record. Oct. 28) Paid the dividend declared on Stockholders' equity 80 Dec. 31) Closed the $388,000 credit balance (from net income) in the Income Summary No change in total equity account to Retained Earnings. Total Stockholders' Equity - as calculated on December 31, 2016 Total Stockholder's Equity as reported on Stockholder's Equity tab $1,048,000 $ 964,500 $ 83,500 Impact on Equity