Kohler Corporation reports the following components of stockholders equity on December 31, 2015:

Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$20 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stoclk Retained earnings $1,000,000 80,000 400,000 Total stockholders' equity $1,480,000 In year 2016, the following transactions affected its stockholders' equity accounts. Purchased 4,500 shares of its own stock at $25 cash per share. Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Paid the dividend declared on January 5. Sold 1,688 of its treasury shares at $29 cash per share. Sold 2,812 of its treasury shares at $22 cash per share. Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Paid the dividend declared on September 5. Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Jan. Jan. 1 5 Feb. 28 July 6 Aug. 22 Sept. 5 Oct. 28 Dec. 31