Sava ment 0 Required information [The following information applies to the questions displayed below) Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$25 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $1,375,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $1,885,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb 28 Paid the dividend declared on January 5. July 6 Sold 2,063 of its treasury shares at $24 cash per share. Aug 22 Sold 3,437 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 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 $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings