Time Atter 1 Ha LHK Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock - $20 par value, 100,000 shares authorized $1.000.000 50,000 shares issued and outstanding Paid-in capital in excess of par value.common 70,000 stock Retained earnings 460.000 Total stockholders $1,530,000 equity During 2020, the following transactions affected its stockholders' equity accounts Jan. 2. Purchased 5,500 shares of its own stock at 525 cash per share. Jan 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record Feb. Paid the dividend declared on January 5 28 July 6 Sold 2.063 of its treasury shares at $29 cash per share. Aug Sold 3,437 of its treasury shares at $22 cash per share. 22 Sept. Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record, 5 Oct. 28 (Dec Closed the $408,000 credit balance from net income) in the Income Summary account to Retained Earnings 31 Paid the dividend declared on September 5 During 2020, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54 per share cash dividend payable on February 28 to the February 5 stockholders of record, Feb. Paid the dividend declared on January 5. 28 July 6 Sold 2,063 of its treasury shares at $29 cash per share. Sold 3,437 of its treasury shares at $22 cash per share, 22 Sept. Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record 5 Aug Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings Required: 1. Prepare journal entries to record each of these transactions