Edit View History Bookmarks Window Help ezto. education.com Chapter 11 Problem Kohler One Piece Be Questions 1-3(013) The following information applies to the questions displayed below] Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-n capital in excess of par value, common stock Retained earnings $ 900,000 60,000 400,000 Total stockholders' equity $1,360,000 In year 2016, the following transactions affected its stockholders equity accounts Purchased 4,000 shares of its own stock at $20 cash per share. Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Paid the dividend declared on January 5. Sold 1,500 of its treasury shares at $24 cash per share. Sold 2,500 of its treasury shares at $17 cash per share. Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Jan. Jan. 1 5 Feb. 28 July 6 Aug. 22 Sept. 5 Oct. 28 Paid the dividend declared on September 5 Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings