Sacramento Company reports the following components of stockholders' equity on January 1. Conmon stock-sie par value, 120,800 shares authorized, 50,000 shares issued and outstanding Paid in capital in excess of par valve, common stock Retained earnings Total stockholders' equity $ see, eee 75,000 410, eee $ 985,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5 Directors declared $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,900 of its treasury shares at $27 cash per share. Aug 22 Sold 3,100 of its treasury shares at $20 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5, Dec. 31 Closed the $280,5ee credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equ values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount balance sheet. Dates: Jan 01 Impact on equity Total Stockholders' Equity - January 1 Jan. 2) Purchased 5,000 shares of its own stock at $23 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,900 of its treasury shares at $27 cash per share. Aug. 22) Sold 3,100 of its treasury shares at $20 cash per share. Sep. 5) Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct. 28) Paid the dividend declared on September 5. Dec. 31) Closed the $280,500 credit balance (from net income) in the Income Summary account to Retained Earnings