• Record transfer of net loss to retained earnings.
• Record transfer of net income to retained earnings.
• Record repurchase of shares for retirement.
• Record declaration of cash dividend.
• Record payment of cash dividend.
• Record transfer of net income to retained earnings.
• Record issue of stock dividend
• Record declaration of cash dividend.
• Record payment of cash dividend.

Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2021 annual report as follows. 2019 $5,984,552 (177,000) RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 Balance at beginning of year $7,158,452 $5,807,552 Net income (loss) 3,568,700 2,460,900 Deductions: Stock dividend (38,500 shares) 269,500 Common shares retired (136,000 272,000 shares) Common stock cash dividends 979,950 838,000 Balance at end of year $9,477,702 $7,158,452 0 $5,807,552 At December 31, 2018, common shares consisted of the following: Common stock, 1,955,000 shares at $i par Paid-in capital-excess of par $1,955,000 9,775,000 Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2019, 2020, and 2021. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 2019 Retained earnings 177,000 Income summary 177,000 2 2020 2,460,900 Income summary Retained earnings 2,460,900 3 2020 Common stock 136,000 680,000 Paid-in capital - excess of par Retained earnings Cash 4 2020 838,000 Retained earnings Cash dividends payable 838,000 5 2020 Cash dividends payable 838,000 Cash 838,000 6 2021 3,568,700 Income summary Retained earnings 3,568,700 7 2021 269,500 Retained earnings Common stock Paid-in capital - excess of par 38,500 231,000 8 2021 979,950 Retained earnings Cash dividends payable 979,950 9 2021 979,950 Cash dividends payable Cash 979,950