Myconos Company reports the following components of stockholders' equity on January 1 Common Stock-$10 par value, 130.000 shares authorized. 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity During the year the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,800 shares of its own stock at $23 cash per share. $ 500,000 75,000 410,000 $ 985,000 January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2.500 of its treasury shares at $27 cash per share. August 22 Sole 2,500 of its treasury shares at $19 cash per share. September S Directors declared a $2 per share cash dividend payable on October October 28 Paid the Jividend declared on September 5. October 28 to the the September 25 stockholders of record. December 31 Closed the $233.036 credit belance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact un Equity During the year, the following transactions affected its stockholders equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No journal entry required" in the first input box. View transaction let Journal entry worksheet Purchased 5,000 shares of its own stock at $23 cash per share. Note: Enter debits Benche credi Date January 02 Account Title Debit Credit Record entry Clear entry View ganneal journal >