Twinings Company reports the following components of stockholders' equity on Januafy 1 . During the year, the following transactions affected its stockholders' equity accounts January 2 Purchased 5,080 shares of its owm stock at $23 cash per share. January 5 0irectors declared a 32 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,50e of its treasury shares at $27 cash per share. August 22 Sold 2,5ee of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on octoser 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $365,09credit balance (fros net incone) in the Income 5unmary account to Retained Earnings