GL1101 - Based on Problem 11-2A Kohler Company LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity on December 31, 2017: Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $400,000 60,000 270,000 Total stockholders' equity $730,000 In year 2018, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,000 shares of its own stock at $20 cash per share. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. 6 Sold 1,500 of its treasury shares at $24 cash per share. 22 Sold 2,500 of its treasury shares at $17 cash per share. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings Jan Jan Feb. July Aug Sept Oct. Dec. Stockholders General General Statement of Impact on Equity Trial Balance Requirement Journal Ledger Equity RE For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Leave no cells blank select "No change in total equity" when there is no impact in Stockholders' equity. Verify that total Stockholders' equity as of December 31, 2018, as calculated, agrees with the amount reported on the balance sheet. Show less Dates: Jan 01 to: Dec 31 $ Impact on equity Total Stockholders' Equity December 31, 2017 Jan. 1) Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5) Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Feb. 28) Paid the dividend declared on January 5. Jul. 6) Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22) Sold 2,500 of its treasury shares at $17 cash per share. Sep. 5) Directors declared a $2 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 $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings