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Kohler Corporation reports the following components of stockholders equity on December 31, 2017. Common stock$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding

Kohler Corporation reports the following components of stockholders equity on December 31, 2017.

Common stock$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding

$

750,000

Paid-in capital in excess of par value, common stock

80,000

Retained earnings

400,000

Total stockholders' equity

$

1,230,000

In year 2018, the following transactions affected its stockholders equity accounts.

Jan.

1

Purchased 6,000 shares of its own stock at $25 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 2,250 of its treasury shares at $29 cash per share.

Aug.

22

Sold 3,750 of its treasury shares at $22 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 $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Prepare the stockholders' equity section of the companys balance sheet as of December 31, 2018.

KOHLER CORPORATION

Stockholders' Equity Section of the Balance Sheet

December 31, 2018

Total contributed capital

Total stockholders' equity

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