Vancouver Company reports the following components of stockholders' equity on December 31, 2016 Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, Retained earnings $500,000 75,000 common stock 410,000 $985,000 Total stockholders' equity In year 2017, the following transactions affected its stockholders' equity accounts. 1 Purchased 5,000 shares of its own stock at $23 cash per share Jan $2 per share cash dividend payable on February 28 to 5 Directors declared Jan a the February 5 stockholders of record 28 Paid the dividend declared on January 5 6 Sold 1,900 of its treasury shares at $27 cash per share 22 Sold 3,100 of its treasury shares at $20 cash per share. Feb July Aug. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5 Oct 31 Closed the $291,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Dec General Ledger General Journal Statement of Stockholders Impact on Equity Requirement Trial Balance Equity RE Purchased 5,000 shares of its own stock at $23 cash per share Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. 2 Paid the dividend declared on January 5 3 Sold 1,900 of its treasury shares at $27 cash per share. 4 Sold 3,100 of its treasury shares at $20 cash per share. 5 Directors declared a $2 per share cash dividend payable 6 on October 28 to the September 25 stockholders of record Paid the dividend declared on January 5 3 Sold 1,900 of its treasury shares at $27 cash per share. 4 Sold 3,100 of its treasury shares at $20 cash per share. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record 6 Paid the dividend declared on September 5 7 Closed the $291,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 8