The balance sheet of Oriental Rug Company at December 31, 2008, included the following stockholders' equity: During 2009, Oriental Rug completed the following selected transactions: Mar. 29 Distributed a 10% stock dividend on the common stock. The market value of Oriental common stock was $8 per share. (pp. 692-693) July 13 Purchased 10,000 shares of treasury stock at $8 per share, (pp. 694-695) Dec. 10 Declared a $0.20 per share cash dividend on the 45,000 shares of common stock outstanding. The date of record is December 17, and the payment date is January 2. (pp. 653-655) 31 Closed the $79,000 net income to Retained Earnings. (pp. 643-644) Requirements 1. Record the transactions in the general journal. 2. Prepare the retained earnings statement for the year ended December 31, 2009. (p. 707) 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2009. (p. 693)