The equity sections from Barcelona Group's 2016 and 2017 year-end balance sheets fo Stockholders' Equity (December 31, 2016) Common stock-$12 par value, 140,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 720,000 108,000 590,000 $1,418,000 Stockholders' Equity (December 31, 2017) Common stock-$12 par value, 140,000 shares authorized, 67, 770 shares issued, 4,500 shares in treasury $ 813,240 Paid-in capital in excess of par value, common stock 216, 780 Retained earnings ($108,000 restricted by treasury stock) 1,060,000 2,090, 020 Less cost of treasury stock (108,000) Total stockholders' equity $1,982,020 The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $2.00 per share cash dividend. Davable on January 10. Prey 1 of 8 Next > The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $2.00 per share cash dividend, payable on January 18. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $2.00 per share cash dividend, payable on April 10. July 5 Declared a $2.00 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $26 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.00 per share cash dividend, date of record October 18 General Journal Requirement General Ledger Trial Balance Cash Dividends Stock Dividend The following transactions and events affected its equity during 2017. Prepare the journal entry and then agree the year-end balances with the December 31, 2017 Stockholders' Equity statement