Pearl Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 7,400 shares) Retained Earnings $463,300 323,200 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 300 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $18 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. (4) The treasury shares purchased in (1) above were resold at $102 per share. (5) 550 shares of outstanding stock were purchased at $104 per share. (6) 310 of the shares purchased in (5) above were resold at $96 per share. No. Account Titles and Explanation Debit Credit 1. Treasury Stock Cash Retained Earnings Dividends Payable 3. Dividends Payable Cash 4. Cash Treasury Stock Paid-in Capital from Treasury Stock Treasury Stock Cash Cash Paid-in Capital from Treasury Stock Retained Earnings Treasury Stock Prepare the stockholders' equity section of Pearl Company's balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $97,300. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) PEARL COMPANY Stockholders' Equity For the Year Ended December 31, 2018 Common Stock Prepare the stockholders' equity section of Pearl Company's balance sheet after giving effect to these transactions, assuming that the net income for 2018 was $97,300. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) PEARL COMPANY Stockholders' Equity For the Year Ended December 31, 2018 Common Stock Retained Earnings Total Assets Less Treasury Stock Total Stockholders' Equity