Porter Corporation reports the following components of stockholders$$ equity on January $1.$

Common stock$$$$10$ par value, $110,000$ shares authorized, $40,000$ shares issued and outstanding $ $400,000$

Paid$-$in capital in excess of par value, common stock $60,000$

Retained earnings $330,000$

Total stockholders' equity $ $790,000$

During the year, the following transactions affected its stockholders$$ equity accounts.

January $2$ Purchased $4,000$ shares of its own stock at $$23$ cash per share.

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 $2,000$ of its treasury shares at $$27$ cash per share.

August $22$ Sold $2,000$ of its treasury shares at $$19$ cash per share.

September $5$ Directors declared a $$2$ per share cash dividend payable on October $28$ to the September $25$ stockholders of record.

October $28$ Paid the dividend declared on September $5.$

December $31$ Closed the $$591,500$ credit balance $($from net income$)$ in the Income Summary account to Retained Earnings.

$1.$ General Journal tab $-$ Journalize the transactions related to the notes and accounts payable of Porter Corporation.

$2.$Statement of Retained Earnings tab $-$ Prepare the Statement of Retained Earnings for the Porter Corporation for the year ended December $31.$

$3.$ Stockholders' Equity tab $-$ Prepare the Stockholders' equity section of Porter Corporation's December $31$ balance sheet.

$4.$ Impact on Equity tab $-$ For each transaction, indicate the total change in Stockholders' Equity, if any. Verify that total equity, as calculated, agrees with the amount reported on the Stockholders' Equity tab.