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Context Corporation reports the following components of stockholders equiry on December 31, 2011 Common stock-$15 par value, 1 Paid-in capital in excess of par value, common stock Retained earnings $ 825,000 80,000 430,000 Total stockholders' equity $1,335,000 In year 2012, the following transactions affected ts stockholders equity accounts Jan. Jan. 1 5 Purchased 5,500 shares of lts own stock at $20 cash per share. Directors declared a $6 per share cash dividend payable on Feb 28 to the Feb. 5 stockholders of record. Feb. 28 Pald the dividend declared on January 5 July 6 Sold 2,063 of its treasury shares at $24 cash per share. Aug. 22 Sold 3,437 of its treesury shares at $17 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 incomej in the income Summary account to Retalned Earnings eBook & Resources References