The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2015, reported the following stockholders' equity: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2016, Goldstein completed the following selected transactions: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2016. Assume Goldstein's net income for the year was $81,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. More Info Feb. 6 Declared a 5% stock dividend on common stock. The market value of Goldstein's stock was $27 per share. 15 Distributed the stock dividend. Jul. 29 Purchased 2,500 shares of treasury stock at $27 per share. Nov. 27 Declared a $0.10 per share cash dividend on the common stock outstanding. Credit 67,500 Print Done g. (Round your answers to the nearest whole dollar.) Debit Credit Stockholders' Equity Paid-In Capital: Common Stock-$10 Par Value; 250,000 shares authorized, 28,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital $ 280,000 310,000 590,000 164,000 Retained Earnings $ 754,000 Total Stockholders' Equity ck Answer. ? Print