The stockholders’ equity section of Siri Stores, Inc.’s balance sheet at December 31, 2015 follows:
Stockholders’ Equity
Common Stock: no par, $ 3 stated value, 80,000 shares authorized, 50,000 shares issued, and 40,500 shares outstanding ………………………………………………..$ 150,000
Additional Paid- in Capital in Excess of Stated Value – Common……… 300,000
Retained Earnings……………………………………………………….. 940,000
Less: Cost of Treasury Stock (9,500 shares) ……………………………. ( 199,500)
Total Stockholders’ Equity $ 1,190,500
During 2016, Siri completed the following transactions:
• November 9, 2016: Purchased 3,000 shares of its own stock to be held in the treasury. The cost per share was $ 21.
• November 17, 2016: Declared and paid a cash dividend of $ 6 per share.
• November 30, 2016: Sold 1,800 treasury shares for $ 15 per share.
• December 31, 2016: Declared and paid a cash dividend of $ 6 per share.
• December 31, 2016: Wrote down an available- for- sale investment by $ 23,500.
• December 31, 2016: Reported $ 50,000 net income for the year and closed net income, other comprehensive income and dividend accounts.

Required
a. Prepare the journal entries required to reflect the events listed above.
b. Based on the information provided, prepare the stockholders’ equity section for Siri at December 31, 2016 as well as the relevant t- accounts.