The equity sections for Streamline Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$8 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$8 par value, 120,000 shares authorized, 54,650 shares issued, 3,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($56,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $1.60 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. $ 400,000 60,000 330,000 $790,000. $ 437,200 106,500 590,000 1,133,700 (56,000) $ 1,077,700 April 5 Declared a $1.60 per share cash dividend, payable on April 10. July 5 Declared a $1.60 per share cash dividend, payable on July 10. July 31 Declared a 108 stock dividend when the stock's market value was $18 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $1.60 per share cash dividend, date of record October 10. General Requirement Journal General Ledger Trial Balance Cash Dividends Stock Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. View transaction list