vuring the year, the following transactions affected its stockholders equity accounts January 2 Purchased 5,000 shares of its own stock at 523 cash per share. January 5 oirectors declared a \$2 per share cash dividend payable on February 28 to the rebruary 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 sold 2,50s of its treasury shares at 527 cash per share, August 22 sold 2,500 of its treasury shares at 519 cash per shore. septenber 5 Directors declared a 52 per share cash dividend payable on octaber 28 to the septenber 25 stockholders of recond. october 28 paid the divldend declared on septenber 5. Decrnber 31 Closed the $312,500 credit balance (fron net incose) in the Insone sumary account to Retained Earnings. Prepare the Statement of fletained Eamings for Sanchez Corporation for the year ended December 31. During the yeat, the following transactions affected its stockholders' equity accounts Janwary 2 Purchased 5,600 shares of Its om stock at $23 cash per share. January 5 pirectors declared a $2 per share cash dividend payable on february 28 to the february 5 stochholders of recond. February 28 Paid the divldend declared on lanuary 3 . July 6 sold 2,500 of its treasury shares at $27 cash per share. August 22 sold 2,500 of its treasury shares at $19 cash peri share. Septeaben 5 Directors declared a 52 pee share cash dividend payable on october 2e to the Septenbec: 25 stockholders of record. October 28 Paid the divldend declared on Septenber 5. Decenber 31 closed the $312,520 credit balance (from net incone) in the Incone Sumary account to Retained Earnings. Prepare the stockholders' equity section of Sanchez Corporation's balance cheet as of December 31. For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative volues. Verify that total Stockholders' equity as of December 31 , as calculated, agrees with the amount reported on the balance sheot