Sacramento Company reports the following components of stockholders' equity on January 1 Comon stock-\$10 par value, 120,000 shares authorized, se, e00 shares issued and outstanding Paid-in capital in excess of par value, comon stock Retained earnings Total stockholders + equity During the year, the foliowing transactions affected its stockhoiders' equity accounts. January 2 Purchased 5,000 shares of its oun stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholdera of record February 28 Paid the dividend declared on January 5 . July 6 5old 2,500 of its treasury shares at $27 cash per share. August 22 5old 2,5ee of its treasury shares at 519 cash per share. Septeaber 5 oirectors declared a $2 per share cash dividend payable on October 28 to the Septenber 25 stoctholders of recen October 28 Paid the dividend declared on September 5 . Decenber 31 Closed the 5280,500 credit balance (from net income) in the Incone 5u-tary account to Retained tarningt. During the yeat, the following transactions affected its stockholdersto equity accounts. Frepare the necessary journal entries If no