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112 A Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 1Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28Paid the dividend declared on January 5. July 6 Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22Sold 2,500 of its treasury shares at $17 cash per share. Sept. 5Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28Paid the dividend declared on September 5. Dec. 31Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required 1. Prepare journal entries to record each of these transactions for 2016. 2. Prepare a statement of retained earnings for the year ended December 31, 2016. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2016. Part 1 - Part2 Kohler COF? Satement of Aecined farning For Vear Ended December 31,2020 Part3 Kehier cons Stockholders' Equity Section of the Balance Sheet December 31,2020

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