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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. During 2019 , the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on 0ctober 28 to the September 25 stockholders of record. 0ct. 28 Paid the dividend declared on September 5. Dec. 31 Closed 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. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Compiete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) ept. 5 Directors declared a $4 per share cash dividend payable on 0ctober 28 to the September 25 stockholders of record. ct. 28 Paid the dividend declared on September 5. ec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: . Prepare journal entries to record each of these transactions. . Prepare a statement of retained earnings for the year ended December 31, 2019. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019

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