Common stock$$$$15$ par value, $100,000$ shares authorized, $45,000$ shares issued and outstanding

$ $675,000$

Paid$-$in capital in excess of par value, common stock $70,000$

Retained earnings $370,000$

Total stockholders$$ equity $ $1,115,000$

In year $2014,$ the following transactions affected its stockholders$$ equity accounts.

Jan. $1$ Purchased $5,000$ shares of its own stock at $$20$ cash per share.

Jan. $5$

Directors declared a $$6$ per share cash dividend payable on Feb. $28$ to the Feb. $5$ stockholders of record.

Feb. $28$ Paid the dividend declared on January $5.$

July $6$ Sold $2,500$ of its treasury shares at $$24$ cash per share.

Aug. $22$ Sold $2,500$ of its treasury shares at $$16$ cash per share.

Sept. $5$

Directors declared a $$6$ per share cash dividend payable on October $28$ to the September $25$ stockholders of record.

Oct. $28$ Paid the dividend declared on September $5.$

Dec. $31$

Closed the $$428,000$ credit balance $($from net income$)$ in the Income Summary account to Retained Earnings

"PREPARE JOURNAL ENTRIES, STATEMENT OF RETAINED EARNINGS, STOCKHOLDERS EQUITY SECTION OF THE COMPANIES BALANCE SHEET"