At December 31, the end of Chilton Communication€™s third quarter the following stockholders€™ equity accounts are reported:
Common stock, $ 10 par value . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 960,000
Paid- in capital in excess of par value, common stock . . . . . . . . . 384,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,600,000
In the fourth quarter, the following entries related to its equity are recorded:

Required
1. Explain the transaction(s) underlying each journal entry.
2. Complete the following table showing the equity account balances at each indicated date

(Include the balances from December31).

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Jan. 17 Retained Earnings Feb. 5 Common Dividend Payable..96,000 Feb.28 Retained Earnings ..252000 96.000 Common Dividend Payable .. 96,000 96,000 120,000 132.000 120,000 CashOPN Common Stock Dividend Distributable.. Paid-In Capital in Excess of Par Value, Mar. 14Common Stock Dividend Distributable..120,000 Mar.25 Memo Change the title of the common stock Mar Income Summary.... Common Stock, $10 Par Value . account to reflect the new par value of $5. 720.000 720,000 Jan. 17 Feb.5 Feb. 28 Mar. 14 Mar. 25 Mar. 31 Common stock dividend distributable . Paid-in capital in excess of par, common stock.. Retained earnings Total equity . .。.