Stream Launch Corporation reports the following components of stockholders equity on January 1.

Common stock$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding	$ 500,000
Paid-in capital in excess of par value, common stock	75,000
Retained earnings	410,000
Total stockholders' equity	$ 985,000

During the year, the following transactions affected its stockholders equity accounts.

January 2	Purchased 5,000 shares of its own stock at $23 cash per share.
January 5	Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
February 28	Paid the dividend declared on January 5.
July 6	Sold 2,500 of its treasury shares at $27 cash per share.
August 22	Sold 2,500 of its treasury shares at $19 cash per share.
September 5	Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.
October 28	Paid the dividend declared on September 5.
December 31	Closed the $164,500 credit balance (from net income) in the Income Summary account to Retained Earnings.

General Journal tab - Journalize the transactions related to the notes and accounts payable of Stream Launch Corporation. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Statement of Retained Earnings tab - Prepare the Statement of Retained Earnings for the Stream Launch Corporation for the year ended December 31. Stockholders' Equity tab - Prepare the Stockholders' equity section of Stream Launch Corporation's December 31 balance sheet. Impact on Equity tab - For each transaction, indicate the total change in Stockholders' Equity, if any. Verify that total equity, as calculated, agrees with the amount reported on the Stockholders' Equity tab.