Kohler Corporation reports the following components of stockholders' equity on December 31, 2013: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $900,000 70,000 430,000 Total stockholders' equity $1,400,000 In year 2014, the following transactions affected its stockholders' equity accounts Jan. Jan. 1 5 Purchased 6,000 shares of its own stock at $20 cash per share. 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 2,250 of its treasury shares at $24 cash per share. Aug. 22 Sold 3,750 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. Paid the dividend declared on September 5. Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Oct. 28 Dec. 31