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Rocklin Corporation reports the following components of stockholders' equity on December 31, 2009. Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,125,000 60,000 460,000 $1,645,000 In year 2010, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,500 shares of its own stock at $25 cash per share. Directors declared a $3 per share cash dividend payable on Feb. 28 to the Feb. 5 Jan. 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $29 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $22 cash per share. Directors declared a $3 per share cash dividend payable on October 28 to the September Sept. 5 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Closed the $388,000 credit balance (from net income) in the Income Summary account to Dec. 31 Retained Earnings. 2. value: 4 points Requirement 1: Prepare journal entries to record each of these transactions for 2010. (Omit the "$" sign in your response.) Date General Journal Jan. 1 Jan. 5 Feb. 28 July 6 Aug. 22 Debit Credit Sept. 5 Oct. 28 Dec. 31 Check My WorkeBook Links (4)References 3. value: 4 points Requirement 2: Prepare a statement of retained earnings for the year ended December 31, 2010. (Input all amounts as positive values. Omit the "$" sign in your response.) ROCKLIN CORPORATION Statement of Retained Earnings For Year Ended December 31, 2010 $ : : $ Check My WorkeBook Links (4)References 4. value: 4 points Requirement 3: Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2010. (Omit the "$" sign in your response.) ROCKLIN CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2010 Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained Earnings Total stockholders' equity