The Meredith Co had the following Stockholders Equity Transactions during 2017. Their beginning retained earnings going into FY 2017 was $178,000. Jan 10, Issued 28,000 par value $1 shares of common stock for $18 cash per share Jan 23, Repurchased 8,000 shares of common stock at $20 a share Mar 14, Sold one-half of all treasury shares attained on Jan 23 for $22 per share. July 31, Declared and paid a $.61 dividend on all common stock shares outstanding

1.)For each transaction, record it in a corresponding Financial Statement Impact template.

2) Using the new totals in question #1, prepare the December 31, 2017 stockholders equity section of the balance sheet. Assume the companys 2017 net income is $521,000. Note you are showing the Stock section of the Balance Sheet not the Statement of Stockholders Equity.