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record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,900 of its treasury shares at $27 cash per share. Aug 22 Sold 3,100 of its treasury shares at $20 cash per share. Sept. 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 $154,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of RE Stockholders Equity Impact on Equity - Prepare the stockholders' equity section of OnPoint Corporation's balance sheet as of December 31, 2017. Dates: Jan 01 to: Dec 31 ONPOINT CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Common stock - $10 par value $ 500,000 Paid-in capital in excess of par value, common stock 75,000 Total contributed capital 575,000 Retained earnings 372,300 Total stockholders' equity $ 947,300 LIIC VOICIILE DHCCL. Dates: Jan 01 to: Dec 31 $ 985,000 115,000 L Impact on equity Total Stockholders' Equity - December 31, 2016 Jan. 1) Purchased 5,000 shares of its own stock at Stockholders' equity decreased $23 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 1,900 of its treasury shares at $27 cash per share. Aug. 22) Sold 3,100 of its treasury shares at $20 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 Dec. 31) Closed the $154,000 credit balance (from net income) in the Income Summary account to Retained Earnings.