Chapter 12 Problem Retained Earnings Treasury Stock (58,000 shares, at cost) The following selected transactions occurred during the year: 13,170,000 812,000 Jan. 15. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $78,300. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 110,000 shares of common stock for $16 per share. June 14. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued stock for the stock dividend declared on June 14. Oct. 30. Purchased 36,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.18-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Required: 1. The January 1 balances in T accounts for the stockholders' equity accounts have been listed below. T accounts for the following accounts have also been created: Paid-In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends. If required, round to one decimal place. Common Stock Jan. 1 Bal. 3,100,000 Apr. 13 1,100,00 July 16 Dec. 31 Bal.