nnect Homework: Chapter 11 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 Jan Jan stockholders of record. 28 Paid the dividend declared on January 5 6 Sold 1,875 of its treasury shares at $29 cash per share 22 Sold 3,125 of its treasury shares at $22 cash per share. Feb July Aug. Sept. 5 Directors declared 15 points $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5 31 closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings Oct eBook Dec Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet