Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purohnsed 6,006 shares of ites ove ntook at $25 cash per share. record. February 28 Paid the dividend declared on January 5. July 6: sold 3,000 of its treasury shares.at $29 cash per mhare. August 22 Sold 3,000 of its treasury shares at $21 cash per share. record. October 28 Paid the dividend declared on September 5. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year.- Prepare journal entries to record each of these transactions. Journal entry worksheet 8 Record the purchase of 6,000 shares of its own common stock for $25 cash per share. Note: Enter debits beforo credits. Prepare journal entries to record each of these transactions. Journal entry worksheet 6 7 Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. Journal entry worksheet 1 5 Record the payment of the cash dividend. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the relssue of 3,000 shares of the treasury stock for $29 cash per share. Note; Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet 8 Record the reissue of 3,000 shares of the treasury stock for $21 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet 12345 Record the payment of the cash dividend. Noter Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the entry to close the $428,000 credit balance (from net income) in the Income Summary account to Retained Eamings. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a statement of retained eamings for the current year ended December 31. (Amounts to be deducted should be Indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year