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Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Conmon stock-510 par value, 100,000 shares authorited, 55,000 shares issued and outstanding Paid-in capital in excess of par volue, common stock Retained earnings Total stockholders"' equity During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4 , e9e shares of its own stock at $20 cash per share. January 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 sold 2,000 of its treasury shares at $24 cash per share. August 22 sold 2,000 of its treasury shares at $16 cash per share. September 5 . Directors declared a $4 per share cash dlvidend payable on october 28 to the 5eptember 25 stockholders of record. october 28 Paid the dividend declared on 5eptenber 5. Decenber 31 Closed the 5408 , ece credit balance (fron net income) in the Incone Sumnary account to Retalned Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. x Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. journal entries to record each of these transactions. Required 2> 1. Prepare joumal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 . 3. Prepare the stockholder's equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record each of these transactions. Journal entry worksheet 1 2 8 Record the reissue of 2,000 shares of the treasury stock for $16 cash per share. Note: Enter debits before credits

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