Kohler Corporation reports the following components of stockholders equity on January 1.

Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding	$	400,000
Paid-in capital in excess of par value, common stock		60,000
Retained earnings		270,000
Total stockholders' equity	$	730,000

During the year, the following transactions affected its stockholders equity accounts.

Jan.		2		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 February 28 to the February 5 stockholders of record.
Feb.		28		Paid the dividend declared on January 5.
July		6		Sold 1,500 of its treasury shares at $24 cash per share.
Aug.		22		Sold 2,500 of its treasury shares at $17 cash per share.
Sept.		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 $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Kohler Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,000 60,000 270,000 $ 730,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 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 February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of 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. record. Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on 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, as calculated, agrees with the amount reported on the balance sheet. 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, as calculated, agrees with the amount reported on the balance sheet. Dates: Jan 01 to: Dec 31 $ $ 964,500 X 80,000 X 72,000 X x 72,000 X 36,000 Impact on equity Total Stockholders' Equity - January 1 Jan. 2) Purchased 4,000 shares of its own Stockholders' equity stock at $20 cash per share. decreased Jan. 5) Directors declared a $2 per share cash Stockholders' equity dividend payable on Feb. 28 to the Feb. 5 decreased stockholders of record. Feb. 28) Paid the dividend declared on Stockholders' equity January 5. decreased Jul. 6) Sold 1,500 of its treasury shares at $24 Stockholders' equity cash per share. increased Aug. 22) Sold 2,500 of its treasury shares at Stockholders' equity $17 cash per share. increased Sep. 5) Directors declared a $2 per share cash Stockholders' equity dividend payable on October 28 to the decreased September 25 stockholders of record. Oct. 28) Paid the dividend declared on Stockholders' equity September 5. decreased Dec. 31) Closed the $388,000 credit balance Stockholders' equity (from net income) in the Income Summary increased account to Retained Earnings. Total Stockholders' Equity - as calculated on December 31 Total Stockholder's Equity as reported on Stockholder's Equity tab Unreconciled difference: 42,500 > 80,000 X x 72,000 X 388,000 $ 1,807,000 $ 964,500 842,500 $