Set forth below are the transactions that affected ABC Co.'s stockholders' equity during 2016. As of December 31, 2015, the company's accounts included:

Common shares, 1,300,000 shares issued and outstanding, $2 par - $2,600,000

Paid-in capital - excess par - $4,160,000

Retained earnings - $5,850,000

- On January 31, 2016, the company issued 500,000 shares of its capital stock at $27.50 per share.

- On March 1, 2016, the company repurchased 60,000 of its common shares at $28.00 per share, with the intention of reselling them later. The company used the treasury stock method to record this repurchase.

- On May 1, 2016, the company repurchased 50,000 of its common shares at $28.00 per share, with the intention of reselling them. The company also used the treasury stock method to record this repurchase.

- On June 2, 2016, the board of directors declared a cash dividend of $.20 per share on its common shares, payable to shareholders of record on June 16, to be paid on June 30.

- On August 1, 2016, the company resold 80,000 shares of its treasury stock at $29.00 per share. The company used the weighted average method to calculate the cost of resold own shares.

- On September 30, 2016 the company declared and distributed a 5% common stock dividend (when the market value of the common shares was $30.00 per share).

Required

A) Prepare the journal entries that the company registered during the year 2016 for all  transactions.

B) Prepare a statement of Net Worth for the year 2016, rounded to thousands. Assume that net income was $950,000 for 2016.