Oct. Dec. 28 Paid the dividend declared on September 5. 31 closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. General Requirement General Statement of Stockholders Impact on Journal Ledger Trial Balance RE Equity Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet Dates: Jan 01 to: Dec 31 $ 730,000 0 36,000 42,500 Impact on equity Total Stockholders' Equity - December 31 Jan. 2) Purchased 4,000 shares of its own stock at $20 cash per share. Stockholders' equity decreased Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 Stockholders' equity decreased stockholders of record Feb. 28) Paid the dividend declared on January 5. No change in total equity Jul 6) Sold 1,500 of its treasury shares at $24 cash per share Stockholders' equity increased Aug. 22) Sold 2,500 of its treasury shares at $17 cash per share Stockholders' equity increased Sep. 5) Directors declared a $2 por share cash dividend payable on October 28 to the September Stockholders' equity decreased 25 stockholders of record Oct. 28) Paid the dividend declared on September No change in total equity 5. Dec 31) Closed the $388,000 credit balance (from net income) in the Income Summary account to Stockholders' equity increased Retained Earnings Total Stockholders' Equity-as calculated on December 31 Total Stockholder's Equity as reported on Stockholder's Equity tab Unreconciled difference: 0 388,000 $ 1,196,500 $ 964,500 $ 232,000