X: 1 Record the purchase of $352,000 common stock. 2 Record the cash dividends declared in the amount of $261,000. 3 Record the payment of the dividend. 4 Record the issue of 120,000 shares of $0.10 par value common shares for $2 per share. 5 Closed the Dividends account. Record the entry. Note: Enter debits before credits. Event General Journal Debit Credit a Record entry Clear entry View general journ 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Additional Paid Retained Common Stock Treasury In Capital Earnings Stock $ 13,500 $ 200,000 $ 152,000 $ Beginning 0 Stock Issuances Net Income 290,000 Dividends: Common Ending