P14-36B The balance sheet of Oriental Rug Company at December 31, 200S included the following stockholders' equity: Paid-in capital: Common stock, $1 par, 250,000 shares authorized, 50,000 shares issued S 50,000 350,000 400,000 100,000 500.000 Paid-in capital in excess of par Total paid-in capital Retained e Total stockholders' equity During 2009, Oriental Rug completed the following selected transactions: Distributed a 10% stock dividend on the common stock. The market value of Oriental common stock was $8 per share. (pp. 692-693) Purchased 10,000 shares of treasury stock at $8 per share pp. 694-695) Declared a $0.20 per share cash dividend on the 45,000 shares of common stock outstanding. The date of record is Decem- ber 17, and the payment date is January 2. (pp. 653-655) Closed the $79,000 net income to Retained Earnings. Pp. 643-644) Mar. 29 July 13 Dec. 10 31 Requirements 1. Record the transactions in the general journal 2. Prepare the retained earnings statement for the year ended December 31, 2009. (p. 707) pare the stockholders' equity sectionf December 31, 2009. (p. 693)