Problem 15-6 Headland Company has the following stockholders' equity accounts at December 31, 2017 Common Stock ($100 par value, authorized 8,400 shares) Retained Earnings $500,000 281,200 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) (1) 270 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $20 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 $103 per share (5) 480 shares of outstanding stock were purchased at $106 per share (6) 320 of the shares purchased in (5) above were resold at $96 per share. No. Account Titles and Explanation Debit Credit 1