Sacramento Company reports the following components of stockholders' equity on January 1 . Comnon stock-\$10 par value, 120,000 shares authorized, se, 0ee shares issued and outstanding Paid-in capital in excess of par value, comon stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5 , eee 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 2,500 of its treasury shares at $27 cash per share. August 22 sold 2,50e of its treasury shares at \$19 cash per share. Septenber 5 Directors declared a \$2 per share cash dividend payable on october 28 to the Septeaber 25 stockholders of record. October 28 Paid the dividend declared on September 5 . Decenber 31 closed the $28e,500 credit balance (from net incone) in the Incone Sumary account to Retained Earnings. Sacramento Company reports the following components of stockholders' equity on January 1 . Comnon stock-\$10 par value, 120,000 shares authorized, se, 0ee shares issued and outstanding Paid-in capital in excess of par value, comon stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5 , eee 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 2,500 of its treasury shares at $27 cash per share. August 22 sold 2,50e of its treasury shares at \$19 cash per share. Septenber 5 Directors declared a \$2 per share cash dividend payable on october 28 to the Septeaber 25 stockholders of record. October 28 Paid the dividend declared on September 5 . Decenber 31 closed the $28e,500 credit balance (from net incone) in the Incone Sumary account to Retained Earnings