The balance sheet of Heitman Management Consulting, Inc. at December 31, 2015, reported the following stockholders' equity:

During 2016, Heitman completed the following selected transactions:

Stockholders' Equity
Paid-In Capital:
	Common Stock$12 Par Value; 250,000 shares
	authorized, 30,000 shares issued and outstanding	$360,000
	Paid-In Capital in Excess of ParCommon	380,000
	Total Paid-In Capital	740,000
Retained Earnings		159,000
Total Stockholders' Equity		$899,000

Feb.	6		Declared a 5% stock dividend on common stock. The market value of Heitman's stock was $21 per share.
	15		Distributed the stock dividend.
Jul.	29		Purchased 2,000 shares of treasury stock at $21per share.
Nov.	27		Declared a $0.20 per share cash dividend on the common stock outstanding.

Requirements

1.	Record the transactions in the general journal.
2.	Prepare a retained earnings statement for the year ended December 31, 2016. Assume Heitman's net income for the year was $85,000.
3.	Prepare the stockholders' equity section of the balance sheet at December 31, 2016.